EUR/CAD has made a low of 1.4270 yesterday and started to recover from that level. It is currently trading around 1.4320. The pair has broken major trend line resistance 1.4323 (trend line joining 1.4906 and 1.4667) and …
EUR/CAD has made a low of 1.4270 yesterday and started to recover from that level. It is currently trading around 1.4320.
The pair has broken major trend line resistance 1.4323 (trend line joining 1.4906 and 1.4667) and this confirms minor bullishness, a jump till 1.4426 (55 day 4H EMA) is possible. Minor resistance is around 1.4350.
Canadian dollar is trading weak against all major pairs on weak crude oil prices .
The major resistance stood at 1.4460 and break will take to new level around 1.4500.
On the downside minor support is around 1.4295 and break below targets 1.4270/1.4250.
It is good to buy at dips around 1.4310 with SL around 1.4270 for the TP of 1.4370/1.4425
