Technicals

Add as a preferred source on Google

EUR/CAD takes support near trend line, a jump till 1.3700 is possible

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 min read
EconoTimes — Reading the Times. Understanding the Future.

Read the original article

  •   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.

 

Related articles

View all
Technicals

Major Pair Currency Score: AUDUSD Bearish

EURUSD - Levels to watch - 1.100 GBPUSD Levels to watch - 1.3180 USDCHF Levels to watch - 0.8400 USDCAD - Levels to watch - 1.4300 AUDUSD - Levels to watch - 0.7000 NZDUSD - Levels to watch - 0.5560