EUR/CAD chart on Trading View used for analysis
- EUR/CAD has paused upside, trades 0.25% lower on the day.
- Upside has been capped at daily cloud and we see further gains only on break above.
- Momentum studies are bullish, RSI above 50 levels and MACD shows bullish crossover on signal line.
- Break above cloud targets 200-DMA at 1.5355. Violation there could see further upside.
- Major trend in the pair is bearish. Rejection at daily cloud could see resumption of weakness.
Support levels - 1.5031 (21-EMA), 1.5 (5-DMA)
Resistance levels - 1.5183 (110-EMA), 1.5275 (trendline), 1.5355 (200-DMA)
Recommendation: Good to go long on breakout at daily cloud, SL: 1.5030, TP: 1.5275/ 1.53/ 1.5355
For details on FxWirePro's Currency Strength Index, visit http://www.fxwirepro.com/currencyindex.


FxWirePro:GBP/NZD recovers ground after early dip, bias bullish
AUD/JPY Stalls Ahead of BOJ Decision: Sell on Rallies as Bearish Bias Holds Below 103.70
FxWirePro: EUR/NZD uptrend loses steam but outlook still bullish
FxWirePro: USD/ZAR bears maintain upper hand
FxWirePro- Major Crypto levels and bias summary
FxWirePro: AUD/USD struggle to extend its recovery,good to sell on rally
FxWirePro: GBP/USD climbs above 1.34 after BoE's relatively hawkish cut
FxWirePro: USD/ZAR neutral in the near-term, scope for downward resumption
FxWirePro- Major Crypto levels and bias summary
FxWirePro: USD/JPY catches bid ahead of BoJ meeting
NZDJPY: Sell the Rallies as Bears Guard 90–91 Resistance Zone
FxWirePro: NZD/USD dips as stronger U.S. dollar offsets NZ Q3 GDP surprise
FxWirePro: EUR/AUD runs out of steam but maintains bullish outlook
FxWirePro: GBP/NZD retreats slightly but trend is still bullish
FxWirePro- Woodies Pivot(Major)
FxWirePro: GBP/AUD runs out of steam but maintains bullish outlook 



