FxWirePro: EUR/CAD upside pauses shy of 100-DMA, break above eyes 61.8% Fib at 1.5688

• EUR/CAD upside pauses shy of 100-DMA at 1.5528, break above to see further upside.
   
• Price action rages within the cloud and is extending gains above 200-DMA.
   
• The pair trades with a bullish momentum. RSI shows strength at 63 levels with room to run further. 
   
• MACD supports upside and we see +ve DMI crossover on -ve DMI which adds to the bullish bias.
   
• Break above 100-DMA targets 61.8% Fib at 1.5688. While on the downside we see minor weakness on break below 5-DMA.
   
• Retrace below 200-DMA invalidates bullish bias.

Support levels - 1.5414 (5-DMA), 1.5252 (200-DMA)

Resistance levels - 1.5528 (100-DMA), 1.5688 (61.8% Fib)

Recommendation: Good to go long on breakout at 100-DMA, SL: 1.5410, TP: 1.56/ 1.5685

FxWirePro Currency Strength Index: FxWirePro's Hourly EUR Spot Index was at 35.6941 (Neutral), while Hourly CAD Spot Index was at -107.63 (Bearish) at 0725 GMT. For more details on FxWirePro's Currency Strength Index, visit http://www.fxwirepro.com/currencyindex.