FxWirePro: EUR/CAD extends gains above 200-DMA, eyes cloud top at 1.5277

EUR/CAD chart - Trading View 

• EUR/CAD erases losses, edges higher from session lows at 1.5150, retakes 1.52 mark.
   
• The pair is trading at 1.5205 at 1300 GMT, up 0.23% at the time of writing.
   
• Price action is extending gains above 200-DMA, breaks above 38.2% Fib.
   
• Momentum is with the bulls, Stochs and RSI are sharply higher. MACD also supports upside.
   
• Scope for test of cloud top at 1.5277. Break above cloud will see further gains.
   
• On the flipside, immediate support lies at 5-DMA at 1.5174. Retrace below 200-DMA negates bullish bias.

Support levels - 1.5173 (5-DMA), 1.5135 (200-DMA), 1.5109 (110-EMA)

Resistance levels - 1.5232 (Upper BB), 1.5277 (cloud top), 1.53

For details on FxWirePro's Currency Strength Index, visit http://www.fxwirepro.com/currencyindex.