EUR/CAD Long-Term Trend: Bullish
Key Resistance Levels: 1.4531, 1.4569, 1.4610
Key Support Levels: 1.4402, 1.4357, 1.4284
The price on the higher time frame has been in an uptrend for some time after it broke the 1.3764 level. Recently the pair has done a pullback and found support at the 1.4340 level and bounced back after testing that level which suggests trend continuation.
EUR/CAD Medium-Term Trend: Bullish
On the lower time frame, the pair is moving in the major trend’s direction. It has shown good momentum after finding support at the 1.4284 level. The price has broken the 1.4357 level and sustained above that. As of now the pair has broken and retested a minor level of 1.4447 before continuing the momentum.
Buy Stop Order @ 1.4473
TP 1 @ 1.4523
TP 2 @ 1.4573
Stop Loss @ 1.4423
Trade Safely 🙂