FxWirePro: EUR/CAD consolidates in narrow range, good to sell on rallies

EUR/CAD has made a low of 1.4180 today at the time of writing and recovered from that level. It is currently trading around 1.4230.

• Market awaits Canada housing prices data which is to be released today for further direction.
• The pair is facing support around 1.4140 (trend line joining 1.4378 and 1.4258) and any further weakness only below 1.4140.
• The major resistance stood at 1.4260 (trend line joining 1.4450 and 1.4370 ) and break above confirms intraday bullishness , jump till 1.4300/1.4320 is possible .
• On the downside minor support is around 1.4180 and break below targets 1.4140.

It is good to sell on rallies around 1.4235-40 with SL around 1.4280 for the TP of 1.4190/1.4145