Published: 2025-08-26T10:43:50.000Z
Chart EUR/CAD Update: Sharp pullback from fresh 2025 year high
Senior Technical Strategist
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Consolidation around 1.6200 has given way to a fresh year high around 1.6225
| Level | Comment | Level | Comment | |||||
|---|---|---|---|---|---|---|---|---|
| R4 | 1.6300 | * | historic congestion | S1 | 1.6100 | ** | congestion | |
| R3 | 1.6235 | ** | 76.4% ret of 2008-2012 fall | S2 | 1.6000 | ** | congestion | |
| R2 | 1.6225 | 22 Aug YTD high | S3 | 1.5900 | congestion | |||
| R1 | 1.6200 | * | historic congestion | S4 | 1.5800 | congestion |
Asterisk denotes strength
11:30 BST - Consolidation around 1.6200 has given way to a fresh year high around 1.6225, before falling into consolidation around congestion support at 1.6100. Intraday studies are under pressure and daily readings continue to fall, highlighting room for further losses in the coming sessions. A break below 1.6100 will open up further congestion around 1.6000. However, mixed weekly charts could limit any initial tests in fresh consolidation. Meanwhile, critical resistance within 1.6200/35 should cap any immediate tests higher.