FxWirePro: EUR/CAD Trade Idea

EUR/CAD chart - Trading View 

Chart pattern: Falling Triangle pattern

EUR/CAD Technical Analysis: Bias Bullish
- Price has retraced into daily cloud
- Pair has bounced off from near trendline support at 1.4890
- Stochs have rolled over from oversold levels
- RSI is biased higher, 5-DMA has turned

Support levels - 1.4992 (5-DMA), 1.4951 (Nov 23, 2018 low), 1.49
Resistance levels - 1.5066 (55-EMA), 1.5130 (Apr 8 high), 1.5168 (38.2% Fib)

Recommendation: Stay long on break above 55-EMA, SL: 1.50, TP: 1.51/ 1.5130/ 1.5165

For details on FxWirePro's Currency Strength Index, visit http://www.fxwirepro.com/currencyindex.