EUR/CAD Potential Upward Movement

EUR/CAD Long-Term Trend: Bullish

Key Resistance Levels: 1.4277, 1.4339, 1.4398

Key Support Levels: 1.4153, 1.4087, 1.3957

Daily Chart:

The price on the higher time frame has reversed the direction after it found support at the 1.2987 level. The pair has broken a few resistance levels with good momentum and formed a higher high pattern which indicates a bullish bias.

EUR/CAD Medium-Term Trend: Bullish

1-Hour Chart:

On the lower time frame, the pair is moving in the major trend’s direction. It broke a consolidation zone of 1.3957 and 1.4087 and sustained above that. The pair has now broken and retested a minor level of 1.4153 before continuing the momentum.

Signal Idea:

Buy Stop Order @ 1.4201

TP 1 @ 1.4269

TP 2 @ 1.4371

Stop Loss @ 1.4133

Trade Safely 🙂