Menu

Search

  |   Technicals

Menu

  |   Technicals

Search

FxWirePro: EUR/CAD faces stiff resistance at 1.4655, good to go long on break above

  • Euro weaker across board, after the German GDP second reading confirmed slowdown.
     
  • CAD under pressure from falling oil prices.
     
  • US crude oil stockpiles up by nearly 4.5 million barrels during last week, yesterday’s API report by API data showed.
     
  • EUR/CAD 0.13 pct higher on the day, currently trading at 1.4613.
     
  • The pair finds stiff resistance at 1.4665 (falling trendline), break above to see gains upto 1.4733 (Aug 3rd high).
     
  • 20-DMA at 1.4560 is strong support on the downside, break below could see weakness upto 1.4433.
     
  • Market Data
Close

Welcome to EconoTimes

Sign up for daily updates for the most important
stories unfolding in the global economy.