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EUR/CAD chart - Trading View
- EUR/CAD erases losses, edges higher from session lows at 1.5150, retakes 1.52 mark.
- The pair is trading at 1.5205 at 1300 GMT, up 0.23% at the time of writing.
- Price action is extending gains above 200-DMA, breaks above 38.2% Fib.
- Momentum is with the bulls, Stochs and RSI are sharply higher. MACD also supports upside.
- Scope for test of cloud top at 1.5277. Break above cloud will see further gains.
- On the flipside, immediate support lies at 5-DMA at 1.5174. Retrace below 200-DMA negates bullish bias.
Support levels - 1.5173 (5-DMA), 1.5135 (200-DMA), 1.5109 (110-EMA)
Resistance levels - 1.5232 (Upper BB), 1.5277 (cloud top), 1.53
For details on FxWirePro's Currency Strength Index, visit http://www.fxwirepro.com/currencyindex.
