Published: 2025-06-27T10:41:30.000Z
Chart EUR/CAD Update: Consolidating - studies continue to rise
Senior Technical Strategist
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The anticipated pullback from the fresh 7-year high around 1.6060 has broken below 1.6000
| Level | Comment | Level | Comment | |||||
|---|---|---|---|---|---|---|---|---|
| R4 | 1.6200 | historic congestion | S1 | 1.5900 | * | congestion | ||
| R3 | 1.6150~ | ** | March 2018 (y) high | S2 | 1.5800 | congestion | ||
| R2 | 1.6063 | 26 Jun YTD high | S3 | 1.5700 | break level | |||
| R1 | 1.6000 | ** | congestion | S4 | 1.5600 | * | congestion |
Asterisk denotes strength
11:30 BST - The anticipated pullback from the fresh 7-year high around 1.6060 has broken below 1.6000, with prices currently balanced around 1.5985. Unwinding overbought daily stochastics highlight room for cautious trade in the coming sessions, before the rising daily Tension Indicator and positive longer-term readings prompt further gains. A break back above 1.6000 will open up 1.6060~, with extension beyond here targeting the 1.6150~ year high of March 2018. Meanwhile, support remains at congestion around 1.5900 and should underpin any fresh tests lower.