Published: 2026-05-13T10:55:28.000Z
Chart EUR/CAD Update: Under pressure
1
Cautious trade has given way to a pullback
| Level | Comment | Level | Comment | |||||
|---|---|---|---|---|---|---|---|---|
| R4 | 1.6250~ | ** | 14 Apr (m) high | S1 | 1.6000 | * | break level | |
| R3 | 1.6200 | ** | break level | S2 | 1.5950 | * | break level | |
| R2 | 1.6150 | * | break level | S3 | 1.5900 | congestion | ||
| R1 | 1.6100 | ** | break level | S4 | 1.5855 | ** | 61.8% ret of Mar-Apr rally |
Asterisk denotes strength
11:35 BST - Cautious trade has given way to a pullback, as intraday studies turn down, with prices currently balanced around 1.6035. Overbought daily stochastics are unwinding and the positive daily Tension Indicator is showing early signs of flattening, suggesting room for continuation down to support at 1.6000. However, mixed weekly charts should limit any immediate break beneath here in renewed consolidation above 1.5950. Meanwhile, resistance remains at 1.6100, and should cap any immediate tests higher.