Published: 2026-05-29T11:48:04.000Z
Chart EUR/CAD Update: Any gains to remain limited
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Little change, as the test of congestion support at 1.6050 gives way to further range trade within 1.6050 - 1.6100
| Level | Comment | Level | Comment | |||||
|---|---|---|---|---|---|---|---|---|
| R4 | 1.6250~ | ** | 14 Apr (m) high | S1 | 1.6050 | congestion | ||
| R3 | 1.6200 | ** | congestion | S2 | 1.6000 | * | break level | |
| R2 | 1.6150 | * | break level | S3 | 1.5950 | * | break level | |
| R1 | 1.6100 | ** | break level | S4 | 1.5900 | ** | break level |
Asterisk denotes strength
12:20 BST - Little change, as the test of congestion support at 1.6050 gives way to further range trade within 1.6050 - 1.6100. Daily readings continue to rise and the weekly Tension Indicator is positive, suggesting room for a test above resistance at 1.6100. But flat weekly stochastics and bearish longer-term charts should limit any break in renewed selling interest beneath congestion around 1.6200. Meanwhile, a later break below 1.6050 will add weight to sentiment and put initial focus on 1.6000.