EUR/CAD Trade Idea

• Major support- 1.5690 (trend line joining 1.4957 and 1.5360)
   
• Trend reversal Level- 1.5660 (200 day HMA)
   
• The pair has taken support around 1.5705 and started to recover from that level is currently trading around 1.5780.
   
• Any break below 1.5690 will take the pair down till 1.5660/1.5600.
   
• On the higher major resistance is around 1.5850 and break above targets 1.5905/1.6000.

It is good to buy at dips around 1.5750-55 with SL around 1.5690 for the TP of 1.5845/1.5905

 R1-1.5850

 R2-1.5905

R3-1.6000

Support

S1-1.5690

S2-1.5660

S3- 1.5600