Published: 2026-02-12T14:59:29.000Z
Chart EUR/CAD Update: Cautious trade - studies under pressure
1
Still little change, as prices extend cautious trade above congestion support at 1.6100
| Level | Comment | Level | Comment | |||||
|---|---|---|---|---|---|---|---|---|
| R4 | 1.6300 | * | congestion | S1 | 1.6100 | * | congestion | |
| R3 | 1.6250 | break level | S2 | 1.6061/65 | * | 8-31 Dec (m) lows | ||
| R2 | 1.6200 | * | congestion | S3 | 1.6035 | ** | 61.8% ret of Jul-Oct rally | |
| R1 | 1.6150 | * | congestion | S4 | 1.6000 | ** | congestion |
Asterisk denotes strength
14:45 GMT - Still little change, as prices extend cautious trade above congestion support at 1.6100. Daily readings are under pressure and broader weekly charts are negative, highlighting room for further losses in the coming sessions. However, a close below the 1.6061/65 monthly lows from 8-31 December is needed to turn sentiment negative and extend October losses initially to the 1.6035 Fibonacci retracement. Meanwhile, resistance remains at congestion around 1.6150. A close above here, if seen, will help to stabilise price action and prompt consolidation beneath 1.6200.