Published: 2026-05-21T11:13:56.000Z
Chart EUR/CAD Update: Cautious trade - daily studies under pressure
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Little change, as the test of resistance at 1.6000 gives way to fresh consolidation around 1.5975
| 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
11:30 BST - Little change, as the test of resistance at 1.6000 gives way to fresh consolidation around 1.5975. Daily readings are mixed/negative, highlighting room for a drift lower towards support at 1.5950. But rising weekly charts should limit any immediate tests beneath here in consolidation above congestion support at 1.5900. Meanwhile, a close above 1.6000, if seen, would help to stabilise price action and prompt consolidation beneath 1.6050.