EUR/CAD | Euro to Canadian Dollar Trading Analysis

EUR/CAD,D1


EUR/CAD,D1


Pivot: 1.4944


Analysis:

As long as price is above 1.4600 follow the recommendations below:

  • Time frame: D1
  • Recommendation: long position
  • Entry point: 1.4944
  • Take Profit 1: 1.5048
  • Take Profit 2: 1.5309


Alternative scenario:

If the level of 1.4600 is broken-down, follow the recommendations below:   

  • Time frame: D1
  • Recommendation: short position
  • Entry point: 1.4600
  • Take profit 1: 1.4262
  • Take profit 2: 1.4061


Comment:

RSI indicates the potential for growth in the medium term.


Key levels:

Resistance -- Support

1.5511 ------- 1.4600

1.5309 ------- 1.4262

1.5048 ------- 1.4061

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