Thursday, October 15, 2026

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FxWirePro: EUR/CAD breaks above 38.2% Fib, bias higher, stay long

Bullish Butterfly completed on EUR/CAD daily charts. The pair has broken above 38.2% Fib at 1.4517. Stochs and RSI are biased higher and MACD is on verge of a bullish crossover. Major support levels - 1.4517 (38.2% Fib),…

By FxWirePro Team
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FxWirePro: EUR/CAD breaks above 38.2% Fib, bias higher, stay long
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  • Bullish Butterfly completed on EUR/CAD daily charts.
     
  • The pair has broken above 38.2% Fib at 1.4517.
     
  • Stochs and RSI are biased higher and MACD is on verge of a bullish crossover.
     
  • Major support levels - 1.4517 (38.2% Fib), 1.4502 (5-DMA), 1.4420 (23.6% Fib), 1.4396 (Oct 21 low)
     
  • Major resistance levels  - 1.4579 (Oct 24 high), 1.46 (20-DMA & 50% Fib), 1.4672 (61.8% Fib)
     
  • Our previous call (http://www.econotimes.com/FxWirePro-Bullish-Butterfly-formation-on-EUR-CAD-dailies-good-to-long-dips-364170) is progressing well.
     
  • Recommend holding for targets.
     

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By FxWirePro Team