Published: 2025-08-06T10:45:59.000Z
Chart EUR/CAD Update: Back in range
Senior Technical Strategist
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Little change, as mixed intraday studies keep near-term sentiment cautious
| Level | Comment | Level | Comment | |||||
|---|---|---|---|---|---|---|---|---|
| R4 | 1.6200 | * | historic congestion | S1 | 1.5900 | congestion | ||
| R3 | 1.6150~ | ** | March 2018 (y) high | S2 | 1.5800 | congestion | ||
| R2 | 1.6100/18 | ** | cong; 28 Jul YTD high | S3 | 1.5765~ | 30 Jul low | ||
| R1 | 1.6000 | ** | congestion | S4 | 1.5725 | * | 50% ret of Mar-Jul rally |
Asterisk denotes strength
11:25 BST - Little change, as mixed intraday studies keep near-term sentiment cautious and extend consolidation following the test of congestion support at 1.5900. The daily Tension Indicator is edging slightly higher, suggesting room for a test of congestion resistance at 1.6000. But rising daily stochastics are flattening and broader weekly charts are under pressure, suggesting any break should be limited in renewed selling interest beneath critical resistance at 1.6100/08. Meanwhile, support remains at 1.5900. Any immediate break should be limited in fresh consolidation above further congestion around 1.5800.