Published: 2026-05-11T10:26:30.000Z
Chart EUR/CAD Update: Consolidating test higher - studies rising
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The break above 1.6100 has been pushed back sharply from 1.6150
| Level | Comment | Level | Comment | |||||
|---|---|---|---|---|---|---|---|---|
| R4 | 1.6250~ | ** | 14 Apr (m) high | S1 | 1.6000 | * | break level | |
| R3 | 1.6200 | ** | break level | S2 | 1.5950 | * | break level | |
| R2 | 1.6150 | * | break level | S3 | 1.5900 | congestion | ||
| R1 | 1.6100 | ** | break level | S4 | 1.5855 | ** | 61.8% ret of Mar-Apr rally |
Asterisk denotes strength
11:10 BST - The break above 1.6100 has been pushed back sharply from 1.6150, as intraday studies turn down, with prices currently trading around 1.6080. Minor support is at 1.6050. But rising daily readings and mixed/positive weekly charts should limit any break in renewed buying interest above stronger support at 1.6000. Following cautious trade, fresh gains are looked for. Resistance remains at 1.6100. But a close above 1.6150 is needed to improve sentiment and extend gains towards 1.6200.