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- RES4: 1.3766 (May 7th high)
- RES3:1.37100
- RES2:1.3662 (Cloud bottom)
- RES 1: 1.3620 (20 day day HMA)
PRICE: 1.3578 @11:37 GMT
- SUP 1: 1.3525 (Trend line support)
- SUP 4: 1.3480 (200 day HMA)
- SUP3: 1.3405 (May 5th low)
- SUP4: 1.3350
EUR/CAD has taken support near trend line 1.3525 and recovered from that level. Overall trend is bullish as long a support 1.3520 holds.
On the upside minor resistance is around 1.3620 and any break above will target 1.3700/1.3765 in short term.
It is good to buy at declines around 1.3560 with stop around 1.3520 for the target of 1.3700.
