FxWirePro: EUR/CAD recovery rejected at 200-DMA, intraday bias neutral

EUR/CAD chart - Trading View 

• EUR/CAD recovery attempts on Wednesday were capped at 200-DMA.
   
• The pair slipped lower from session highs at 1.5135 to close at 1.5074.
   
• On the day, the pair is trading in a narrow range, with session highs at 1.5097 and lows at 1.5069.
   
• Intraday bias is neutral. Technical indicators are sidelined. Break below cloud will see dip till 76.4% Fib at 1.4963.
   
• On the flipside, immediate resistance is seen at 5-DMA at 1.5114. Further upside only above 200-DMA.

Support levels - 1.5042 (cloud base), 1.50, 1.4963 (76.4% Fib)

Resistance levels - 1.5113 (5-DMA), 1.5131 (200-DMA), 1.5197 (50% Fib)

For details on FxWirePro's Currency Strength Index, visit http://www.fxwirepro.com/currencyindex.