EUR/CAD Long-Term Trend: Bullish
Key Resistance Levels: 1.4641, 1.4698, 1.4739
Key Support Levels: 1.4569, 1.4537, 1.4458
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
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.
Buy Limit Order @ 1.4593
TP @ 1.4634
Stop Loss @ 1.4552
Trade Safely 🙂