EUR/CAD chart - Trading View
Technical Analysis: Bias Bearish
- Recovery attempts were rejected at daily cloud
- Oscillators are biased lower, RSI has slipped below 50 mark
- GMMA indicator shows major and minor trend are bearish
- Stiff resistance is seen at 1.4975, decisive break above could see some upside
- On the weekly charts the pair has paused 3 straight weeks of gains, 200W MA and weekly cloud cap upside
Support levels - 1.4792 (Lower BB), 1.4765 (trendline), 1.4606 (200-month MA)
Resistance levels - 1.4976 (21-EMA), 1.5033 (200H MA), 1.5050 (55-EMA)
Summary: EUR/CAD was trading 0.09% lower at 1.4912 at around 11:35 GMT. Technical indicators are bearish. Scope for test of trendline support at 1.4765.
