EUR/CAD Potential Upward Movement

EUR/CAD Long-Term Trend: Bullish

Key Resistance Levels: 1.4522, 1.4609, 1.4691

Key Support Levels: 1.4372, 1.4274, 1.4146

Daily Chart:

The price on the higher time frame has recently been in a bullish trend and has shown good momentum. The pair broke the upper range of a consolidation zone at the 1.3764 level. It is now continuing the move after testing a level of 1.4340 which shows a bullish sign. 

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 consolidated for some time between a range of 1.4146 and 1.4274 and has broken the upper range. As of now the pair has broken and retested another level of 1.4372 before continuing the momentum. 

Signal Idea:

Buy Stop Order @ 1.4438

TP 1 @ 1.4511

TP 2 @ 1.4621

Stop Loss @ 1.4365

Trade Safely 🙂