EUR/CAD: Resistance at 1.6335 Holds the Key
29 September 2025
In today’s technical piece, let’s focus on Euro to Canadian Dollar (EUR/CAD), which is currently challenging a very important level. The spotlight is on the red horizontal resistance zone around 1.6335, a barrier that already proved its strength last week. On Tuesday, the pair staged a false breakout to the upside, only to quickly reverse lower. Now, we are back at this resistance again — and so far, the test is leaning positive for sellers, as price is bouncing off the level.
so far, the test is leaning positive for sellers, as price is bouncing off the level.
However, it’s worth noting that no clean trading signal has been triggered just yet. The market is in waiting mode, coiling for its next move. The breakout, when it comes, should set the tone for the next leg on EUR/CAD.
From a trading perspective, the roadmap is clear:
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A close of an H1 candle above the red resistance would flip sentiment and open the door for a buy signal.
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A break of the blue dynamic support would confirm bearish control and provide a signal to sell.
EUR/CAD is compressing energy here, and the breakout could arrive soon. Traders should keep this pair on their radar, as the resolution of this battle around 1.6335 will likely define the direction for the next sessions.