EURCAD Range Trap: 77-Retest Ceiling in Play, Stacked Liquidity EUR/CADOANDA:EURCADProjectSyndicate🚨 ▪️ EURCAD H2 SNAPSHOT — EXECUTIVE SUMMARY ▪️ the EuroCAD is grinding near 1.00000, testing the top of a heavy demand cluster after leaking lower. Buyers are being asked to defend. ▪️ Primary outlook is bullish — the response at — is the tell. Strong overhead liquidity will get targets by the bulls. final target is 6140. ▪️ Key resistance zone: 1.59640, capped 22 times. Above that sits 1.60040, then 1.60290. ▪️ Major defense line: 1.60980 — a very strong level at 77 retests, the backbone of the demand stack. ▪️ Primary downside targets: the demand stack below, where liquidity is heavily layered. ▪️ Major liquidity magnet below: 1.60040–1.59640 — anchored by strong demand; expect a reaction on the first tag. ▪️ Bullish scenario: A daily close back above 1.59640 flips the tape and targets 1.60040, then 1.61970. ▪️ KEY LEVELS RESISTANCEs ▪️ 1.61970 — ★ 4.9 Weak · 72 retests ▪️ 1.61650 — ★ 5.6 Weak · 70 retests ▪️ 1.61420 — ★★ 6.3 Moderate · 92 retests ▪️ 1.60980 — ★★★★ 8.4 Very Strong · 77 retests SUPPORTs ▪️ 1.60290 — ★★★ 7.5 Strong · 16 retests ▪️ 1.60040 — ★★★★ 8.1 Very Strong · 11 retests ▪️ 1.59640 — ★ 5.0 Weak · 22 retests ▪️ ProjectSyndicate Levels Desk — Overview of key S/R zones for FX, indices, metals, NVDA, NQ, ES & GC traders every week. Subscribe to stay up to date with the latest levels.