Published: 2026-07-30T10:54:29.000Z
Chart EUR/CAD Update: Gains to remain limited
2
Cautious trade is giving way to a push higher
| Level | Comment | Level | Comment | |||||
|---|---|---|---|---|---|---|---|---|
| R4 | 1.6250~ | ** | 14 Apr (m) high | S1 | 1.6020 | * | 38.2% ret of Mar-Jun rally | |
| R3 | 1.6200 | ** | congestion | S2 | 1.6000 | ** | congestion | |
| R2 | 1.6150 | * | break level | S3 | 1.5940 | ** | 50% ret of Mar-Jun rally | |
| R1 | 1.6100 | ** | break level | S4 | 1.5900~ | ** | 4 May (m) low |
Asterisk denotes strength
11:35 BST - Cautious trade is giving way to a push higher, as intraday studies turn up, with prices currently testing levels just above resistance at 1.6100. Daily stochastics and the daily Tension Indicator are rising, suggesting room for a test of resistance at 1.6150. But negative weekly charts should prompt renewed selling interest towards here. Following cautious/corrective trade, fresh losses are looked for. Support remains at congestion around 1.6000 and the 1.6020 Fibonacci retracement. A later close beneath here will add weight to sentiment and extend late-June losses towards the 1.5940 retracement.