Published: 2026-06-04T11:30:11.000Z
Chart EUR/CAD Update: Extending May gains
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Cautious trade around 1.6100 has given way to steady gains
| Level | Comment | Level | Comment | |||||
|---|---|---|---|---|---|---|---|---|
| R4 | 1.6393 | ** | 27 Jan YTD high | S1 | 1.6150 | * | break level | |
| R3 | 1.6300 | ** | congestion | S2 | 1.6100 | ** | break level | |
| R2 | 1.6250~ | ** | 14 Apr (m) high | S3 | 1.6050 | congestion | ||
| R1 | 1.6200 | ** | congestion | S4 | 1.6000 | * | break level |
Asterisk denotes strength
12:20 BST - Cautious trade around 1.6100 has given way to steady gains, with prices currently trading around 1.6170. Rising intraday studies and the positive daily Tension Indicator highlight room for a test of congestion resistance at 1.6200. But flat overbought daily stochastics could limit any immediate tests in renewed consolidation, before rising weekly charts prompt a break and extend early-May gains towards the 1.6250~ monthly high of 14 April. Meanwhile, support is raised to 1.6150. A close beneath here, if seen, would help to stabilise sentiment and prompt consolidation above 1.6100.