Published: 2026-07-03T11:29:48.000Z
Chart EUR/CAD Update: Pushing higher
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Cautious trade around congestion support at 1.6200 is giving way to a push higher
| Level | Comment | Level | Comment | |||||
|---|---|---|---|---|---|---|---|---|
| R4 | 1.6393 | ** | 27 Jan YTD high | S1 | 1.6200 | ** | congestion | |
| R3 | 1.6300 | ** | congestion | S2 | 1.6150 | * | break level | |
| R2 | 1.6270 | ** | 19 Jun (m) high | S3 | 1.6125~ | * | 26 Jun (w) low | |
| R1 | 1.6250~ | ** | 14 Apr (m) high | S4 | 1.6100 | ** | break level |
Asterisk denotes strength
12:15 BST - Cautious trade around congestion support at 1.6200 is giving way to a push higher, as intraday studies improve, with prices currently pressuring resistance at the 1.6250~ monthly high of 14 April. Just higher is the 1.6270 monthly high of 19 June. Mixed daily readings should limit any initial tests of this range in consolidation, before improving weekly charts prompt a break and extend March gains initially towards congestion around 1.6300. Meanwhile, support remains at 1.6200. A break beneath here, if seen, should be limited in fresh buying interest/consolidation above 1.6150.