Thursday, October 15, 2026

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FxWirePro: EUR/CAD finds stiff resistance at 1.4665, break above targets 200-day MA at 1.4746

EUR/CAD upside halts by stiff trendline resistance at 1.4665, bias higher. The pair has broken major resistance by 20-DMA at 1.4560, and is on track to test 200-day MA at 1.4746. Some weakness is seen on intraday charts,…

By FxWirePro Team
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FxWirePro: EUR/CAD finds stiff resistance at 1.4665, break above targets 200-day MA at 1.4746
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  • EUR/CAD upside halts by stiff trendline resistance at 1.4665, bias higher.
     
  • The pair has broken major resistance by 20-DMA at 1.4560, and is on track to test 200-day MA at 1.4746.
     
  • Some weakness is seen on intraday charts, but downside finds strong support by 20-DMA at 1.4560, weakness only on break below.
     
  • Data released earlier today showed Germany Markit manufacturing PMI came in above forecasts at 53.6 in August (consensus 53.5).
    ​

Recommendation: Good to buy dips around 1.46, SL: 1.4560, TP: 1.4670/ 1.47/ 1.4745
 

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EURUSD - Levels to watch - 1.100 GBPUSD Levels to watch - 1.3180 USDCHF Levels to watch - 0.8400 USDCAD - Levels to watch - 1.4300 AUDUSD - Levels to watch - 0.7000 NZDUSD - Levels to watch - 0.5560

By FxWirePro Team