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EUR/CAD Potential Upward Movement

EUR/CAD Long-Term Trend: Bullish

Key Resistance Levels: 1.49895, 1.50561, 1.51231

Key Support Levels: 1.48824, 1.47975, 1.47156

Daily Chart:

The price on the higher time frame has recently been in an uptrend. It bounced back after testing a support level of 1.45871 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 1.47795 and has sustained above that. As of now the pair has broken and retested a minor level of 1.48824 before continuing the momentum.

Signal Idea:

Buy Stop Order @ 1.49310

TP @ 1.49844

Stop Loss @ 1.48775

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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