EUR/CAD Long-Term Trend: Bullish
Key Resistance Levels: 1.47559, 1.47986, 1.48501
Key Support Levels: 1.46985, 1.45579, 1.44682
The price on the higher time frame has been in an uptrend recently after it tested a support level of 1.43808 and bounced back. The pair has continued to break a few resistance levels which suggests further trend continuation.
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 1.44682 and 1.45579 and has sustained above that. As of now the pair has broken and retested a minor level of 1.46985 before continuing the momentum.
Buy Stop Order @ 1.47221
TP @ 1.47507
Stop Loss @ 1.46935
Trade Safely 🙂