Published: 2025-08-29T11:19:30.000Z
Chart EUR/CAD Update: Consolidating - studies leaning lower
Senior Technical Strategist
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Little change, as prices extend cautious trade around 1.6045
| Level | Comment | Level | Comment | |||||
|---|---|---|---|---|---|---|---|---|
| R4 | 1.6235 | ** | 76.4% ret of 2008-2012 fall | S1 | 1.6000 | ** | congestion | |
| R3 | 1.6225 | 22 Aug YTD high | S2 | 1.5900 | congestion | |||
| R2 | 1.6200 | * | historic congestion | S3 | 1.5800 | congestion | ||
| R1 | 1.6100 | ** | congestion | S4 | 1.5762 | ** | 30-31 Jul (m) low |
Asterisk denotes strength
11:55 BST - Little change, as prices extend cautious trade around 1.6045. Daily readings are under pressure and broader weekly charts are deteriorating, highlighting room for further losses in the coming sessions towards congestion support at 1.6000. A break beneath here will open up further congestion around 1.5900, with potential for still deeper reactions. Meanwhile, resistance remains at congestion around 1.6100. A close above here, if seen, will help to stabilise price action and prompt consolidation beneath critical resistance at 1.6200/35.