Published: 2025-06-30T10:54:23.000Z
Chart EUR/CAD Update: Further consolidation - studies continue to rise
Senior Technical Strategist
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Prices have posted a fresh 2025 year high around 1.6090
| Level | Comment | Level | Comment | |||||
|---|---|---|---|---|---|---|---|---|
| R4 | 1.6325~ | ** | Jun-July 2009 high | S1 | 1.6000 | ** | congestion | |
| R3 | 1.6200 | historic congestion | S2 | 1.5900 | * | congestion | ||
| R2 | 1.6150~ | ** | March 2018 (y) high | S3 | 1.5800 | congestion | ||
| R1 | 1.6090 | 27 Jun YTD high | S4 | 1.5700 | break level |
Asterisk denotes strength
11:30 BST - Prices have posted a fresh 2025 year high around 1.6090, before settling into consolidation above congestion support at 1.6000. Intraday studies are leaning lower and overbought daily stochastics are also turning down, highlighting room for a test back beneath here. Focus will then turn to congestion around 1.5900. However, the rising daily Tension Indicator and positive longer-term readings are expected to prompt renewed buying interest around here. Following cautious/corrective trade, fresh gains are looked for. A later break above 1.6090 will turn sentiment positive and extend August 2022 gains towards the 1.6150~ year high of March 2018.