FxWirePro: EUR/CAD struggles to close above 1.4800, good to sell on rallies
EUR/CAD breaks short term trend line resistance 1.4800 (trend line joining 1.45955 and 1.4658) and declined till 1.4725. It is currently trading at 1.4795. On the higher side minor resistance is around 1.4850 and any bre…
EUR/CAD breaks short term trend line resistance 1.4800 (trend line joining 1.45955 and 1.4658) and declined till 1.4725. It is currently trading at 1.4795.
On the higher side minor resistance is around 1.4850 and any break above would extend gains till 1.4915.
The pair's support is around 1.4785 (200 day 4 HMA) and break will drag the pair till 1.4725/1.4660.
It is good to sell on rallies around 1.4800 with SL around 1.4850 for the TP of 1.4700/1.4655
