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 🙂