Published: 2026-05-19T10:46:37.000Z
Chart EUR/CAD Update: Cautious trade - daily studies under pressure
1
Little change, as prices extend cautious trade around 1.6000
| Level | Comment | Level | Comment | |||||
|---|---|---|---|---|---|---|---|---|
| R4 | 1.6150 | * | break level | S1 | 1.5950 | * | break level | |
| R3 | 1.6100 | ** | break level | S2 | 1.5900 | congestion | ||
| R2 | 1.6050 | congestion | S3 | 1.5855 | ** | 61.8% ret of Mar-Apr rally | ||
| R1 | 1.6000 | * | break level | S4 | 1.5800 | ** | congestion |
Asterisk denotes strength
11:20 BST - Little change, as prices extend cautious trade around 1.6000. Intraday studies are turning down and daily readings are under pressure, highlighting room for pullback towards support at 1.5950. However, rising weekly charts should limit any deeper losses in fresh consolidation above congestion support at 1.5900. Meanwhile, resistance remains at 1.6000. A close above here would help to stabilise price action and prompt consolidation beneath 1.6050.