FxWirePro: EUR/CAD hovers around 200-DMA, good to go long on break above

• Sentiment around the common currency buoyed amid latest news of a Macron win at the first French presidential debate.
   
• The EUR bulls continue to cheer Macron’s debate win which adds to the recent opinion polls results, which show him leading the election race.
   
• EUR/CAD is attempting break of 200-DMA currently at 1.4354 which was capping upside in the pair from past many sessions.
   
• Decisive break above will see test of 1.4532 (50% Fib retrace of 1.5281 to 1.3784 fall).
   
• Momentum studies are bullish, RSI strong at 67 and is pointing North, MACD also supports uptrend.

Support levels - 1.4331 (5-DMA), 1.4389 (Weekly 200-SMA), 1.4241 (Mar 16 low), 1.4171 (20-DMA)

Resistance levels - 1.4417 (Mar 14 high), 1.4430 (trendline), 1.4532 (50% Fib)

TIME  TREND INDEX  OB/OS INDEX    

1H          Bullish               Neutral       
4H          Neutral               Neutral       
1D          Neutral               Neutral        
1W         Bullish                Neutral      

Recommendation: Good to go long on break above Weekly 200-SMA at 1.4389, SL: 1.43, TP: 1.4430/ 1.45/ 1.4530

FxWirePro Currency Strength Index: FxWirePro's Hourly EUR Spot Index was at 93.3657(Bullish), while Hourly CAD Spot Index was at -100.873 (Highly bearish) at 0620 GMT. For more details on FxWirePro's Currency Strength Index, visit http://www.fxwirepro.com/currencyindex.