Technicals

Add as a preferred source on Google

FxWirePro: EUR/CAD takes support near trend line, good to buy at dips

Major support- 1.5690 (trend line joining 1.4957 and 1.5360) Trend reversal Level- 1.5660 (200 day HMA) The pair has taken support around 1.5705 and started to recover from that level is currently trading around 1.5780. …

1 min read
FxWirePro: EUR/CAD takes support near trend line, good to buy at dips
Image from the original EconoTimes article

Read the original article

  • Major support- 1.5690 (trend line joining 1.4957 and 1.5360)

  • Trend reversal Level- 1.5660 (200 day HMA)

  • The pair has taken support around 1.5705 and started to recover from that level is currently trading around 1.5780.

  • Any break below 1.5690 will take the pair down till 1.5660/1.5600.

  • On the higher major resistance is around 1.5850 and break above targets 1.5905/1.6000.

It is good to buy at dips around 1.5750-55 with SL around 1.5690 for the TP of 1.5845/1.5905

 

Related articles

View all
Technicals

Major Pair Currency Score: AUDUSD Bearish

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