Published: 2025-08-14T10:54:25.000Z
Chart EUR/CAD Update: Balanced beneath fresh 2025 year high
Senior Technical Strategist
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Little change, as prices extend choppy trade around congestion support at 1.6100
| Level | Comment | Level | Comment | |||||
|---|---|---|---|---|---|---|---|---|
| R4 | 1.6325/30 | ** | June-July 2009 highs | S1 | 1.6100 | ** | congestion | |
| R3 | 1.6235 | ** | 76.4% ret of 2008-2012 fall | S2 | 1.6000 | ** | congestion | |
| R2 | 1.6200 | * | historic congestion | S3 | 1.5900 | congestion | ||
| R1 | 1.6134/50~ | ** | 13 Aug YTD high; Mar 18 (y) high | S4 | 1.5800 | congestion |
Asterisk denotes strength
11:35 BST - Little change, as prices extend choppy trade around congestion support at 1.6100. Intraday studies are under pressure, highlighting room for a retest beneath here. But rising daily studies should limit any immediate pullback in renewed buying interest above further congestion around 1.6000. Following cautious trade, fresh gains are looked for, towards critical resistance at the 1.6150~ multi-year high of March 2018. But negative weekly charts are expected to limit any initial tests in consolidation. A close above here would turn sentiment positive and extend 2022 gains initially to historic congestion around 1.6200.