Published: 2026-03-27T11:42:18.000Z
Chart EUR/CAD Update: Leaning lower - downside to remain limited
1
Cautious trade beneath strong resistance at 1.6000 is giving way to a drift lower
| Level | Comment | Level | Comment | |||||
|---|---|---|---|---|---|---|---|---|
| R4 | 1.6250 | congestion | S1 | 1.5900 | * | congestion | ||
| R3 | 1.6200/10 | ** | congestion; 76.4% ret | S2 | 1.5850 | * | congestion | |
| R2 | 1.6095/00 | ** | 61.8% ret; break level | S3 | 1.5800 | * | congestion | |
| R1 | 1.6000 | ** | congestion, 50% ret | S4 | 1.5700 | * | congestion |
Asterisk denotes strength
11:30 GMT - Cautious trade beneath strong resistance at 1.6000 is giving way to a drift lower, as intraday studies turn down, with prices currently trading around 1.5950. Overbought daily stochastics are unwinding, suggesting room for a pullback towards congestion support at 1.5900. But the rising daily Tension Indicator and improving weekly charts should limit any tests in renewed buying interest/consolidation. Following cautious/corrective trade, fresh gains are looked for. But a close above 1.6000 is needed to turn sentiment positive and extend March gains towards 1.6095/00.