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EUR/CAD Potential Upward Movement

EUR/CAD Long-Term Trend: Bullish

Key Resistance Levels: 1.47146, 1.47374, 1.47759

Key Support Levels: 1.46713, 1.46428, 1.46115

Daily Chart:

The price on the higher time frame has recently been in an uptrend after it tested a support level of 1.44466 and bounced back. The pair has continued to break a few resistance levels which suggests further trend continuation.

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 recently grabbed volume at the support level of 1.46115 broke a level of 1.46428 and has sustained above that. As of now the pair has broken and retested a minor level of 1.46713 before continuing the momentum. 

Signal Idea:

Buy Stop Order @ 1.46883

TP @ 1.47128

Stop Loss @ 1.46635

Trade Safely 🙂

About Vipul Rathaur

A trader with more than six years of experience, Vipul is a discretionary trader and uses multi time frame analysis for his analysis and price action for his trade signals. Believes that risk management is the secret to making it in this world. He trades major Forex pairs, Indices, and Commodities.

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