Published: 2025-12-04T11:58:41.000Z
Chart EUR/CAD Update: Limited gains
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Cautious trade is giving way to a test above congestion resistance at 1.6300
| Level | Comment | Level | Comment | |||||
|---|---|---|---|---|---|---|---|---|
| R4 | 1.6468 | * | 17 Oct YTD high | S1 | 1.6200 | * | congestion | |
| R3 | 1.6400 | * | break level | S2 | 1.6135~ | ** | 3 Nov (m) low | |
| R2 | 1.6340 | * | 13 Nov (m) high | S3 | 1.6115 | ** | 50% ret of Jul-Oct rally | |
| R1 | 1.6300 | * | congestion | S4 | 1.6100 | * | congestion |
Asterisk denotes strength
11:35 GMT - Cautious trade is giving way to a test above congestion resistance at 1.6300, with prices currently pressuring 1.6315. Rising daily readings highlight room for a test of resistance at the 1.6340 monthly high of 13 November. But mixed/negative weekly charts and deteriorating longer-term readings should limit any further break in renewed selling interest towards resistance at the 1.6400 break level. Meanwhile, support remains down to congestion around 1.6200 and should underpin any immediate setbacks.