Published: 2025-07-22T10:54:01.000Z
Chart EUR/CAD Update: Balanced around 1.6000 - any break to remain limited
Senior Technical Strategist
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Little change, as prices extend cautious trade around congestion resistance at 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 | 1.6100/09 | * | cong; 1 Jul YTD high | S3 | 1.5700 | break level | ||
| R1 | 1.6000 | ** | congestion | S4 | 1.5600 | ** | congestion lows |
Asterisk denotes strength
11:45 BST - Little change, as prices extend cautious trade around congestion resistance at 1.6000. Daily stochastics continue to rise, unwinding oversold areas, suggesting room for a fresh test above here. However, the negative daily Tension Indicator and deteriorating weekly charts are expected to limit sceop in renewed selling interest beneath critical resistance at congestion around 1.6100 and the 1.6109 current year high of 1 July. Meanwhile, support remains at congestion around 1.5900. A later close beneath here will add weight to sentiment and extend July losses towards further congestion around 1.5800.