EUR/CAD Long-Term Trend: Bullish
Key Resistance Levels: 1.4522, 1.4609, 1.4691
Key Support Levels: 1.4372, 1.4274, 1.4146
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
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.
Buy Stop Order @ 1.4438
TP 1 @ 1.4511
TP 2 @ 1.4621
Stop Loss @ 1.4365
Trade Safely 🙂