Published: 2026-03-03T12:01:04.000Z
Chart EUR/CAD Update: Under pressure
5
The anticipated break below 1.6000 has extended in sharp EUR-driven trade
| Level | Comment | Level | Comment | |||||
|---|---|---|---|---|---|---|---|---|
| R4 | 1.6150 | * | congestion | S1 | 1.5900 | minor congestion | ||
| R3 | 1.6100 | * | congestion | S2 | 1.5800 | minor congestion | ||
| R2 | 1.6061/65 | * | Dec-Feb range lows | S3 | 1.5765 | * | 30 July (m) low | |
| R1 | 1.6000 | ** | congestion | S4 | 1.5700/10 | ** | cong; 38.2% ret |
Asterisk denotes strength
11:20 GMT - The anticipated break below 1.6000 has extended in sharp EUR-driven trade, with prices currently pressuring congestion support at 1.5900. Daily readings are bearish and broader weekly charts are also under pressure, highlighting room for further continuation of October 2025. A break below 1.5900 will open up congestion around 1.5800, with room for still deeper losses. Meanwhile, a close back above 1.6000, if seen, would help to stabilise price action and prompt consolidation beneath the 1.6061/65 range lows from December-February.