Published: 2026-03-16T11:43:34.000Z
Chart EUR/CAD Update: Any gains to remain limited
2
Little change, as prices extend cautious/choppy trade around congestion resistance at 1.5700
| Level | Comment | Level | Comment | |||||
|---|---|---|---|---|---|---|---|---|
| R4 | 1.5910 | * | 38.2% ret of Jan-Mar fall | S1 | 1.5600/15 | * | congestion; 9 Mar YTD low | |
| R3 | 1.5850 | minor congestion | S2 | 1.5535 | * | 29 May 25 (w) low | ||
| R2 | 1.5800 | * | congestion | S3 | 1.5475 | ** | 50% ret of 2024-2025 rally | |
| R1 | 1.5700 | * | congestion | S4 | 1.5450 | congestion |
Asterisk denotes strength
11:20 GMT - Little change, as prices extend cautious/choppy trade around congestion resistance at 1.5700. Oversold daily stochastics are ticking higher, suggesting room for a test above here. But the negative daily Tension Indicator and bearish longer-term readings should limit scope in renewed selling interest beneath further congestion around 1.5800. Following cautious trade, fresh losses are looked for. Support is at congestion around 1.5600 and the 1.5615 current year low of 9 March. A break beneath here will confirm continuation of October losses, and open up a test of the 1.5535 weekly low of 29 May.