Published: 2026-07-10T10:34:40.000Z
Chart EUR/CAD Update: Choppy around 1.6200 - studies leaning lower
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Little change, as prices extend cautious trade centred around 1.6200
| Level | Comment | Level | Comment | |||||
|---|---|---|---|---|---|---|---|---|
| R4 | 1.6393 | ** | 27 Jan YTD high | S1 | 1.6150 | * | break level | |
| R3 | 1.6300 | ** | congestion | S2 | 1.6125~ | * | 26 Jun (w) low | |
| R2 | 1.6270 | ** | 19 Jun (m) high | S3 | 1.6100 | ** | break level | |
| R1 | 1.6250~ | ** | 14 Apr (m) high | S4 | 1.6035 | ** | 8 Jun (m) low |
Asterisk denotes strength
11:05 BST - Little change, as prices extend cautious trade centred around 1.6200. Overbought intraday studies are unwinding and daily readings remain under pressure, highlighting room for a pullback towards support at 1.6150. Overbought weekly stochastics are also turning down, suggesting potential for still deeper losses. But a close below the 1.6125~ weekly low of 26 June is needed to turn sentiment negative and confirm a near-term top in place at the 1.6250 - 1.6270 range. Focus will then initially turn to 1.6100. Meanwhile, resistance remains at the 1.6250 - 1.6270 range, and should cap any immediate tests higher.