- EUR/CAD has failed to show a decisive break above 4H 100-SMA currently at 1.4664.
- We see scope for test of trendline support at 1.4480 levels.
- Technical indicators on 4-hourly charts are bearishly aligned. Stochs have retraced from near overbought levels and RSI is biased lower.
- Weekly charts are bearish. The pair was capped at weekly 5-SMA at 1.4640.
- France composite PMI disappoints on the downside, weighing on the euro. Focus shall remain on German and EZ PMIs for further impetus.
Support levels - 1.4510 (trendline), 1.4481(weekly 200-SMA), 1.4437 (200-DMA)
Resistance levels - 1.4640 (weekly 5-SMA), 1.4685 (20-DMA), 1.4695 (38.2% Fib retrace of 1.3784 to 1.5258 rally)
Recommendation: Good to go short on rallies around 1.4630/40, SL: 1.47, TP: 1.46/ 1.45/ 1.4480
FxWirePro launches Absolute Return Managed Program. For more details, visit http://www.fxwirepro.com/invest


Energy Surge Ignites US Inflation: USDCHF Eyes Support Amid Dollar Sell-Off
FxWirePro: GBP/USD biased higher but rally currently stretched
FxWirePro: USD/ZAR edges lower ,investors remain on edge
FxWirePro: GBP/AUD positions for another drop, eyes 1.8900level
FxWirePro: EUR/CAD gains ground on prospects of resumed energy flows
Ethereum Consolidates: Bullish Technicals Point to a Potential $3,000 Breakout
FxWirePro- Major Crypto levels and bias summary
FxWirePro: AUD/USD retreats slightly but trend is still bullish
FxWirePro:NZD/USD uptrend loses momentum but bullish setup remains
FxWirePro: GBP/AUD gains some upside momentum but still bearish
FxWirePro: GBP/NZD up trend gains some momentum but hurdles ahead
FxWirePro: USD/CNY neutral in the near-term, scope for downward resumption
Bitcoin’s Volatile Reset: ETFs Rebound as Bulls Eye USD 80,000 Milestone
FxWirePro: USD/JPY holding bid into weekend
FxWirePro: GBP/NZD down trend loses steam, remains on bearish path 



