Published: 2025-09-03T10:22:05.000Z
Chart EUR/CAD Update: Consolidating - studies under pressure
Senior Technical Strategist
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Little change, as prices extend cautious trade within the 1.6000-1.6100 range
| Level | Comment | Level | Comment | |||||
|---|---|---|---|---|---|---|---|---|
| R4 | 1.6235 | ** | 76.4% ret of 2008-2012 fall | S1 | 1.6000 | ** | congestion | |
| R3 | 1.6225 | 22 Aug YTD high | S2 | 1.5900 | congestion | |||
| R2 | 1.6200 | * | historic congestion | S3 | 1.5800 | congestion | ||
| R1 | 1.6100 | ** | congestion | S4 | 1.5762 | ** | 30-31 Jul (m) low |
Asterisk denotes strength
10:50 BST - Little change, as prices extend cautious trade within the 1.6000-1.6100 range. Intraday studies are rising and oversold daily stochastics are edging higher, suggesting room for a test of congestion resistance at 1.6100. But the negative daily Tension Indicator and deteriorating weekly charts are expected to limit any break in renewed selling interest beneath 1.6200. Following cautious trade, fresh losses are looked for. A later break below congestion support at 1.6000 will add weight to sentiment and open up Still deeper losses cannot be ruled out.