The primary trend of EUR/CAD is bearish on charts but price is sustaining above the trend line after giving breakout in its 4 hourly chart. In 4 hourly chart the price is sustaining below 200 day SMA but taking support of 50 day SMA indicating uptrend of the pair.
Resistance level of 1.4280 and Support level of 1.4050
If it breaks its resistance level on the upside and sustains above it then we can expect it to show further bullish movement in the pair.
INDICATORS:-
RSI is sustaining in its buying zone indicating the upcoming bullish trend in the pair.
STRATEGY: EUR/CAD is looking bullish on charts for next few trading session. One can go for buy on lower level strategy for this pair for intra day to mid term positions in it.
Resistance level of 1.4280 and Support level of 1.4050
If it breaks its resistance level on the upside and sustains above it then we can expect it to show further bullish movement in the pair.
INDICATORS:-
RSI is sustaining in its buying zone indicating the upcoming bullish trend in the pair.
STRATEGY: EUR/CAD is looking bullish on charts for next few trading session. One can go for buy on lower level strategy for this pair for intra day to mid term positions in it.