EUR/CAD chart - Trading View
- EUR/CAD is extending grind higher, finds stiff resistance at 200-DMA.
- The pair is trading at 1.5129 at 0615 GMT, up 0.09% till the time on the day.
- Price action has bounced off 20-DMA support on Monday's trade.
- The pair has also formed 'Dragonfly Doji' candlestick pattern on the daily charts on Monday which raises scope for further upside.
- Technical studies are biased higher, Stochs and RSI show momentum is with the bulls.
- Break above 200-DMA will confirm bullishness. Next immediate resistance lies at 1.5168 (38.2% Fib).
- Immediate support lies at 5-DMA. Break below 20-DMA could see further weakness.
Support levels - 1.5106 (5-DMA), 1.5056 (20-DMA), 1.5028 (Mar 8 low)
Resistance levels - 1.5136 (200-DMA), 1.5168 (38.2% Fib), 1.5258 (50% Fib)
Recommendation: Stay long on break above 200-DMA, SL: 1.5050, TP:1.5170/ 1.5255/ 1.5275
For details on FxWirePro's Currency Strength Index, visit http://www.fxwirepro.com/currencyindex.


FxWirePro: GBP/AUD drifts lower after BOE rate decision
FxWirePro: EUR/ AUD dips below 1.6400 level, focus on near term support
AUD/JPY Slips Below 112 as BOJ Intervention Sparks Bearish Momentum: Sell the Rallies
FxWirePro- Major Pair levels and bias summary
FxWirePro: USD/CAD retreats after Canada posts stronger-than-expected GDP growth
FxWirePro: AUD/USD gains some ground but outlook is bearish
FxWirePro: NZD/USD consolidates overnight gains, but loses momentum
NZDJPY Bullish Rebound: Buy Dips as EMAs Align for 97 Target
FxWirePro: GBP/AUD bears maintain upper hand
FxWirePro: GBP/NZD remains weak, eyes 38.2%fib support
AUDJPY Volatile After Massive Sell-Off: Sell Rallies at 113, Targeting 110 as Bearish Momentum Surges
US Magnificent 7 Stocks Trend Score: Amazon & Microsoft Hit Extreme Bullish (+100) as Meta Drops to -100 — Key Resistance & Support Watchlist
FxWirePro- Major Crypto levels and bias summary
FxWirePro: GBP/NZD remains weak, eyes 38.2%fib support
FxWirePro: USD/ZAR gains as stronger dollar outweighs upbeat South Africa's trade surplus
FxWirePro- Major Crypto levels and bias summary 



