EUR/CAD Potential Upward Movement

EUR/CAD Long-Term Trend: Bullish

Key Resistance Levels: 1.47559, 1.47986, 1.48501

Key Support Levels: 1.46985, 1.45579, 1.44682

4-Hour Chart:

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

30-Minute Chart:

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.

Signal Idea:

Buy Stop Order @ 1.47221

TP @ 1.47507

Stop Loss @ 1.46935

Trade Safely 🙂