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Harmonic pattern - Bullish Gartley pattern
Potential Reversal Zone (PRZ) - 1.4595
- EUR/CAD has made a high of 1.4749 and started retreating due to stronger oil prices.
- Canadian dollar prices has been supported by stronger oil prices oil prices has rallied in Asian session as major oil producers are ready to jointly tackle the prolonged lower prices.
- The pair's major resistance is around 1.4760 and any break above targets 1.4815/1.4860.
- On the downside minor support is around 1.4655 and any break below targets 1.4595/1.4540.
It is good to sell on rallies around 1.4700 with SL around 1.4760 for the TP of 1.4600
Resistance
R1- 1.4760
R2-1.4815
R3- 1.4860
Support
S1-1.4655
S2-1.4595
S3-1.4540
