Published: 2026-06-15T11:21:31.000Z
Chart EUR/CAD Update: Extending gains
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Consolidation beneath 1.6200 has given way to anticipated gains
| Level | Comment | Level | Comment | |||||
|---|---|---|---|---|---|---|---|---|
| R4 | 1.6468 | ** | 17 Oct 2025 (y) high | S1 | 1.6200 | ** | congestion | |
| R3 | 1.6393 | ** | 27 Jan YTD high | S2 | 1.6150 | * | break level | |
| R2 | 1.6300 | ** | congestion | S3 | 1.6100 | ** | break level | |
| R1 | 1.6250~ | ** | 14 Apr (m) high | S4 | 1.6050 | congestion |
Asterisk denotes strength
11:40 BST - Consolidation beneath 1.6200 has given way to anticipated gains, as intraday studies continue to rise, with prices currently trading around 1.6225. Daily readings are also positive, highlighting room for a test of strong resistance at the 1.6250~ monthly high of 14 April. But rising daily stochastics are becoming overbought, suggesting any immediate tests could give way to consolidation, before improving weekly charts prompt a break and extend March gains towards 1.6300. Meanwhile, a close back below congestion support at 1.6200 would stabilise sentiment and prompt consolidation above 1.6150.