Published: 2025-10-21T10:51:41.000Z
Chart EUR/CAD Update: Leaning lower
1
Cautious trade is giving way to a drift lower
| Level | Comment | Level | Comment | |||||
|---|---|---|---|---|---|---|---|---|
| R4 | 1.6590 | ** | 61.8% ret of 1995-2012 fall | S1 | 1.6300 | * | historic congestion | |
| R3 | 1.6500 | * | historic congestion | S2 | 1.6200 | * | congestion | |
| R2 | 1.6468 | * | 17 Oct YTD high | S3 | 1.6170~ | ** | 19 Sep-10 Oct (w) lows | |
| R1 | 1.6400 | congestion | S4 | 1.6100 | break level |
Asterisk denotes strength
11:15 BST - Cautious trade is giving way to a drift lower, as intraday studies turn down, with focus turning to congestion support at 1.6300. Daily readings are also under pressure and broader weekly charts are mixed/negative, suggesting room for a later break. Focus will then turn to further congestion around 1.6200 and the 1.6170~ weekly lows from mid-September to mid-October. However, by-then oversold daily stochastics could limit any initial tests of this range in fresh consolidation. Meanwhile, resistance remains at congestion around 1.6400 and should cap any immediate tests higher.