Menu

Search

  |   Technicals

Menu

  |   Technicals

Search

EUR/CAD breaks trend line support around 1.4800, targets 1.4600

  • EUR/CAD breaks short term trend line resistance 1.4800 (trend line joining 1.45955 and 1.4658) and confirms short term weakness, a decline till 1.4600 cannot be ruled out.

  • On the higher side minor resistance is around 1.4850 and any break above would extend gains till 1.4915.

  • The pair's support is around 1.4775 (200 day 4 HMA) and break will drag the pair till 1.4660/1.4600.

It is good to sell on rallies around 1.4800 with SL  around 1.4850 for the TP of 1.4700/1.4655

 

  • Market Data
Close

Welcome to EconoTimes

Sign up for daily updates for the most important
stories unfolding in the global economy.