Thursday, October 15, 2026

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FxWirePro: Watchout for breaks below 1.5230 for further downside in EUR/CAD

EUR/CAD has edged lower from session highs at 1.5337, currently trading around 1.5275. The pair finds strong support at 1.5230 levels, which is rising trendline, breaks below could see weakness upto 1.5110. Price action …

By Jay L. Zagorsky
1 min read
FxWirePro: Watchout for breaks below 1.5230 for further downside in EUR/CAD
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EUR/CAD has edged lower from session highs at  1.5337, currently trading around 1.5275.

  • The pair finds strong support at 1.5230 levels, which is rising trendline, breaks below could see weakness upto 1.5110.
     
  • Price action is within the daily cloud and capped below 5-DMA at 1.5297. Breaks higher will find next resistance at 1.5413 (cloud top).
     
  • Rebound in oil prices is likely to keep the loonie supported, raising scope for downside in EUR/CAD.

Recommendation: Good to go short on break below 1.5230, SL: 1.53, TP: 1.5140/10

 

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By FxWirePro Team