Published: 2026-05-14T10:43:04.000Z
Chart EUR/CAD Update: Consolidating - daily studies under pressure
1
Cautious trade around 1.6035 has given way to a minor drift higher to 1.6055
| Level | Comment | Level | Comment | |||||
|---|---|---|---|---|---|---|---|---|
| R4 | 1.6250~ | ** | 14 Apr (m) high | S1 | 1.6000 | * | break level | |
| R3 | 1.6200 | ** | break level | S2 | 1.5950 | * | break level | |
| R2 | 1.6150 | * | break level | S3 | 1.5900 | congestion | ||
| R1 | 1.6100 | ** | break level | S4 | 1.5855 | ** | 61.8% ret of Mar-Apr rally |
Asterisk denotes strength
11:25 BST - Cautious trade around 1.6035 has given way to a minor drift higher to 1.6055, where mixed intraday studies are prompting renewed consolidation. Overbought daily stochastics are unwinding and the positive daily Tension Indicator is flattening, suggesting room for fresh losses in the coming sessions towards support at 1.6000. However, mixed weekly charts should limit any immediate break beneath here in renewed consolidation above 1.5950. Meanwhile, resistance remains at 1.6100, and should cap any immediate tests higher.