- EUR/CAD struggles at 20-DMA, Doji formation seen in the Asian session.
- The pair is hovering around 50% Fib at 1.4594. Technical studies support further upside in the pair.
- Major support levels - 1.4517 (38.2% Fib), 1.4539 (5-DMA), 1.4420 (23.6% Fib), 1.4396 (Oct 21 low)
- Major resistance levels - 1.46, 1.4672 (61.8% Fib), 1.47, 1.4732 (Aug 3 high)
- Our previous call (http://www.econotimes.com/FxWirePro-Bullish-Butterfly-formation-on-EUR-CAD-dailies-good-to-long-dips-364170) has achieved TP1.
Recommendation: Book partial profits, raise trailing stop to 1.4517, hold for targets.






