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- Bullish Butterfly formation seen on EUR/CAD daily charts.
- The pair has bounced off major trendline support at 1.4264.
- Stochs have rolled over from oversold and RSI is biased higher.
- Major support levels -1.4465 (5-DMA), 1.4420 (23.6% Fib), 1.4396 (Oct 21 low)
- Major resistance levels - 1.4516 (38.2% Fib), 1.46 (20-DMA & 50% Fib), 1.4672 (61.8% Fib)
Recommendtion: Good to go long on dips around 1.4485, SL: 1.4420, TP: 1.46/ 1.4670
