EUR/CAD Potential Upward Movement

EUR/CAD Long-Term Trend: Bullish

Key Resistance Levels: 1.4589, 1.4609, 1.4636

Key Support Levels: 1.4557, 1.4544, 1.4523

1-Hour Chart:

The price on the higher time frame has recently been in an uptrend for some time after it found support at the 1.4418 level and bounced back. The pair tested another support level of 1.4481 and continued the momentum which suggests bullish trend.

EUR/CAD Medium-Term Trend: Bullish

5-Minute Chart:

On the lower time frame, the pair is moving in the major trend’s direction. It broke a major level of 1.4544 and sustained above that. As of now the pair has broken and retested a minor level of 1.4557 before continuing the momentum.

Signal Idea:

Buy Stop Order @ 1.4571

TP @ 1.4597

Stop Loss @ 1.4554

Trade Safely 🙂