Published: 2026-06-01T11:50:58.000Z
Chart EUR/CAD Update: Choppy trade edging higher
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Little change, as prices extend choppy trade around resistance at 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
12:30 BST - Little change, as prices extend choppy trade around resistance at 1.6100. Daily stochastics and the daily Tension Indicator are rising, highlighting room for a break above here towards 1.6150. But already overbought daily stochastics could limit any initial tests in consolidation, before improving weekly charts prompt a break and open up congestion resistance at 1.6200. Negative longer-term charts could prompt renewed selling interest around here. Meanwhile, support remains at congestion around 1.6050 and should underpin any immediate setbacks.