Published: 2026-06-18T11:07:07.000Z
Chart EUR/CAD Update: Reversal in EUR- and CAD-driven trade
1
The anticipated break above strong resistance at the 1.6250~ monthly high of 14 April has not been seen
| Level | Comment | Level | Comment | |||||
|---|---|---|---|---|---|---|---|---|
| R4 | 1.6468 | ** | 17 Oct 2025 (y) high | S1 | 1.6200 | ** | congestion | |
| R3 | 1.6393 | ** | 27 Jan YTD high | S2 | 1.6150 | * | break level | |
| R2 | 1.6300 | ** | congestion | S3 | 1.6100 | ** | break level | |
| R1 | 1.6250~ | ** | 14 Apr (m) high | S4 | 1.6050 | congestion |
Asterisk denotes strength
11:50 BST - The anticipated break above strong resistance at the 1.6250~ monthly high of 14 April has not been seen, as prices reverse sharply in both EUR- and CAD-driven trade. Congestion support at 1.6200 is under pressure, with a break looked for, as overbought daily stochastics unwind and the positive daily Tension Indicator flattens. Focus will then turn to 1.6150, but rising weekly charts should limit any deeper losses in renewed buying interest/consolidation above 1.6100. Meanwhile, a close above 1.6250, if seen, will help to improve sentiment and extend March gains towards congestion around 1.6300.