EUR/CAD Potential Upward Movement

EUR/CAD Long-Term Trend: Bullish

Key Resistance Levels: 1.4641, 1.4698, 1.4739

Key Support Levels: 1.4569, 1.4537, 1.4458

Daily Chart:

The price on the higher time frame has been in an uptrend for some time after it broke a major level of 1.3764 and has sustained above that. Recently it did a pullback and found support at the 1.4340 level. The pair has bounced back after testing that level which shows 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 1.4458 and 1.4537 and has sustained above that. As of now the pair has broken and retested another level of 1.4569 before continuing the momentum.

Signal Idea:

Buy Limit Order @ 1.4593

TP @ 1.4634

Stop Loss @ 1.4552

Trade Safely 🙂