EUR/CAD Potential Upward Movement

EUR/CAD Long-Term Trend: Bullish

Key Resistance Levels: 1.50482, 1.50953, 1.51468

Key Support Levels: 1.49180, 1.48453, 1.47515

Daily Chart:

The price on the higher time frame has recently been in an uptrend. It bounced back after testing a support level of 1.45945 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 broke a key level of 1.47515 and has sustained above that. As of now the pair has broken and retested a minor level of 1.49180 before continuing the momentum.

Signal Idea:

Buy Limit Order @ 1.49730

TP @ 1.50322

Stop Loss @ 1.49084

Trade Safely 🙂