EUR/CAD chart - Trading View
- EUR/CAD breaks into daily cloud, tests 200-DMA resistance, bias higher.
- Growing risk-on sentiment amid optimism surrounding Brexit supports the single currency.
- Technical indicators are bullishly aligned. RSI is above 50 and sharply higher.
- Breakout at 200-DMA will see test of 50% Fib at 1.5258. Breakout above cloud will see further gains.
- On the flipside, 21-EMA is strong support (currently at 1.5067). Break below will see weakness.
Support levels - 1.5103 (110-EMA), 1.5079 (55-EMA), 1.5067 (21-EMA)
Resistance levels - 1.5136 (200-DMA), 1.5168 (38.2% Fib), 1.52, 1.5258 (50% Fib)
Recommendation: Good to go long on breakout at 200-DMA, SL: 1.5065, TP: 1.5165/ 1.52/ 1.5255.
For details on FxWirePro's Currency Strength Index, visit http://www.fxwirepro.com/currencyindex.


FxWirePro: USD/CAD runs out of steam but maintains bullish outlook
FxWirePro- Major European Indices
FxWirePro- Major Crypto levels and bias summary
FxWirePro: AUD/USD gains some ground but remains sensitive to Middle East tensions
FxWirePro- Woodies Pivot(Major)
FxWirePro: NZD/USD cautiously bid as traders sense end to Iran war
FxWirePro: EUR/ NZD steadies around 2.0150, retains bid tone
FxWirePro: AUD/USD downside pressure builds, key support level in focus
FxWirePro: USD/JPY neutral in the near-term, scope for downward resumption
Yen Resurgence Drives GBPJPY to 2.5-Week Low: Sellers Aim for 208.00
FxWirePro: USD/CNY dips as China’s yuan strengthens on Iran war de escalation hopes
FxWirePro:NZD/USD drifts lower, could be on verge of bigger drop
FxWirePro: USD/CNY gains some ground but bearish outlook persists
FxWirePro: EUR/AUD gaining momentum for a move towards 1.6800 level
FxWirePro: USD/JPY firms as Trump's address on Gulf war spark fresh concerns
Ethereum Rises on Geopolitical De-escalation: Pezeshkian’s Peace Signal Ignites Bullish Momentum 



