EUR/CAD Long-Term Trend: Bullish
Key Resistance Levels: 1.4012, 1.4069, 1.4116
Key Support Levels: 1.3906, 1.3873, 1.3793
The price on the higher time frame has recently reversed the direction after it found support at the 1.2987 level. The pair broke a resistance level of 1.3566 after consolidating for some time. It has now broken another minor level which shows a bullish bias.
EUR/CAD Medium-Term Trend: Bullish
On the lower time frame, the pair is moving in the major trend’s direction. It broke a consolidation zone of 1.3738 and 1.3873 and sustained above that. As of now the pair has broken and retested a minor level of 1.3906 before continuing the momentum.
Buy Limit Order @ 1.3944
TP 1 @ 1.3995
TP 2 @ 1.4072
Stop Loss @ 1.3893
Trade Safely 🙂