EUR/CAD struggles to break trend line resistance, targets 1.4550
EUR/CAD has made a high of 1.4760 yesterday and retreated from that level. It is currently trading at 1.4625
The pair is facing strong trend line resistance around 1.4705 (trend line joining 1.51575 and 1.4982) and any break above confirms short term bullishness, a jump till 1.4760/1.4815 is possible.
On the downside minor support is around 1.4600 and any break below targets 1.4540/1.4500.
Overall bearish invalidation only above 1.4705
It is good to buy sell on rallies around 1.4630-35 with SL around 1.4685 for the TP of 1.4550
The pair is facing strong trend line resistance around 1.4705 (trend line joining 1.51575 and 1.4982) and any break above confirms short term bullishness, a jump till 1.4760/1.4815 is possible.
On the downside minor support is around 1.4600 and any break below targets 1.4540/1.4500.
Overall bearish invalidation only above 1.4705
It is good to buy sell on rallies around 1.4630-35 with SL around 1.4685 for the TP of 1.4550