Published: 2026-05-22T11:36:42.000Z
Chart EUR/CAD Update: Balanced trade
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Still little change, as prices extend cautious trade around resistance at 1.6000
| Level | Comment | Level | Comment | |||||
|---|---|---|---|---|---|---|---|---|
| R4 | 1.6150 | * | break level | S1 | 1.5950 | * | break level | |
| R3 | 1.6100 | ** | break level | S2 | 1.5900 | congestion | ||
| R2 | 1.6050 | congestion | S3 | 1.5855 | ** | 61.8% ret of Mar-Apr rally | ||
| R1 | 1.6000 | * | break level | S4 | 1.5800 | ** | congestion |
Asterisk denotes strength
11:45 BST - Still little change, as prices extend cautious trade around resistance at 1.6000. Mixed/negative daily readings are stabilising, highlighting further cautious trade. However, a close above congestion resistance at 1.6050 would improve sentiment and extend gains towards 1.6100. Meanwhile, as close below support at 1.5950 would add weight to sentiment and open up congestion around 1.5900.