On Tuesday, ECB Governing Council Member and Bank of Finland Governor Olli Rehn suggested that Europe should position itself better ahead of Trump’s second term.
EUR/CAD,D1
Pivot: 1.4780
Analysis:
As long as the price is above 1.4750 follow the recommendations below:
- Time frame: D1
- Recommendation: long position
- Entry point: 1.4780
- Take Profit 1: 1.5000
- Take Profit 2: 1.5100
Alternative scenario:
If the level of 1.4750 is broken-down, follow the recommendations below:
- Time frame: D1
- Recommendation: short position
- Entry point: 1.4750
- Take profit 1: 1.4700
- Take Profit 2: 1.4600
Comment:
RSI indicates upside potential in the medium term.
Key levels:
| Resistance | Support |
| 1.5200 | 1.4750 |
| 1.5100 | 1.4700 |
| 1.5000 | 1.4600 |
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