Refer EUR/CAD chart on Trading View
- EUR/CAD has failed to extend gains above 1H 200-SMA.
- Price action has broken below major EMAs on the hourly charts and is currently holding support at hourly cloud.
- Technical indicators on the hourly charts have turned bearish.
- We see a bearish divergence on RSI and Stochs which adds to bearish bias.
- Break below hourly cloud to see test of 78.6% Fib at 1.4808. Further downside only ob break below.
- We see bearish invalidation only on breakout above 1H 200-SMA.
Support levels - 1.4907 (converge hourly cloud base and 5-DMA), 1.4808 (78.6% Fib)
Resistance levels - 1.4977 (1H 200-SMA), 1.5070 (21-EMA)
Recommendation: Stay short below 1.49, target 1.4810.
FxWirePro Currency Strength Index: FxWirePro's Hourly EUR Spot Index was at 102.484 (Bullish), while Hourly CAD Spot Index was at -75.5389 (Neutral) at 1035 GMT. For more details on FxWirePro's Currency Strength Index, visit http://www.fxwirepro.com/currencyindex.


FxWirePro: GBP/USD climbs to 4 -week high as ceasefire deal gives bulls traction
Ethereum’s Healthy Correction: Bulls Eye Strategic Re-Entry at 2,150 USD Following Profit-Booking Pullback
FxWirePro: GBP/USD bulls remain cautiously optimistic
FxWirePro- Woodies Pivot(Major)
Euro Ascendant: EUR/USD Breaks $1.17 as Geopolitical Relief Sparks a Bullish Surge
FxWirePro- Major Crypto levels and bias summary
FxWirePro: USD/JPY steadies around 158.75, bias bullish
FxWirePro: USD/CAD extends decline on broad dollar weakness
Kiwi Ascendant: NZDJPY Bulls Eye Multi-Year Peaks Amid Triple-Day Rally
Pound on Pause: GBPJPY Bulls Regroup for a Potential Sprint Toward 215.00
FxWirePro: AUD/USD edged lower as early optimism over U.S.–Iran peace talks fade
FxWirePro- Major Pair levels and bias summary
FxWirePro: EUR/CAD gains ground on prospects of resumed energy flows
Ethereum Reclaims Higher Ground: Ether Bulls Target $2,700 as Middle East Tensions Thaw
FxWirePro- Major Crypto levels and bias summary
FxWirePro:NZD/USD continues to recovers , upside pressure builds 



