Chart EUR/CAD Update: Fresh 2025 year high
Anticipated gains have spiked above the 1.5855 monthly high of 11 March to post a fresh 2025 high around 1.5930
| Level | Comment | Level | Comment | |||||
|---|---|---|---|---|---|---|---|---|
| R4 | 1.6155~ | ** | Mar 2018 (y) high | S1 | 1.5700 | break level | ||
| R3 | 1.5990/00 | ** | Mar 2020 (y) high; cong | S2 | 1.5600 | * | congestion | |
| R2 | 1.5930~ | * | current 2025 high | S3 | 1.5500 | ** | congestion | |
| R1 | 1.5855 | * | 11 Mar (m) high | S4 | 1.5400 | * | congestion |
Asterisk denotes strength
11:55 BST - Anticipated gains have spiked above the 1.5855 monthly high of 11 March to post a fresh 2025 high around 1.5930, before falling back in sharp selling interest. Prices are currently trading around 1.5785, but a tick lower in overbought intraday studies highlights potential for a test of support at 1.5700, where mixed/positive daily and weekly readings are expected to prompt fresh consolidation. A close beneath here, if seen, would turn sentiment neutral and prompt a deeper reaction towards 1.5600. Meanwhile, resistance is at 1.5855. A close above here is needed to turn sentiment positive and extend August 2022 gains towards strong resistance at 1.5990/00.