Published: 2025-10-06T11:23:02.000Z
Chart EUR/CAD Update: Room for lower
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The fall from the 1.6400 fresh year high of 3 October has reached 1.6260
| Level | Comment | Level | Comment | |||||
|---|---|---|---|---|---|---|---|---|
| R4 | 1.6590 | ** | 61.8% ret of 1995-2012 fall | S1 | 1.6200 | * | congestion | |
| R3 | 1.6500 | * | historic congestion | S2 | 1.6100 | ** | congestion | |
| R2 | 1.6400 | ** | 3 Oct YTD high, congestion | S3 | 1.6000 | ** | congestion | |
| R1 | 1.6300 | * | historic congestion | S4 | 1.5900 | congestion |
Asterisk denotes strength
12:05 BST - The fall from the 1.6400 fresh year high of 3 October has reached 1.6260, where oversold intraday studies are prompting short-term reactions. Daily readings are under pressure and broader weekly charts are mixed/negative, suggesting room for further losses in the coming sessions. A break below 1.6260 will open up congestion around 1.6200, with room for still deeper losses towards 1.6100. Meanwhile, a close above 1.6400, if seen, will turn sentiment positive and extend long-term gains towards historic congestion around 1.6500.