Source: PaxForex Premium Analytics Portal, Technical Insight
EUR/CAD to extend its race higher toward 1.44 – Scotiabank.
EUR/CAD,D1
Pivot: 1.4009
Analysis:
As long as the price is above 1.3870 follow the recommendations below:
- Time frame: D1
- Recommendation: long position
- Entry point: 1.4009
- Take Profit 1: 1.4100
- Take Profit 2: 1.4250
Alternative scenario:
If the level of 1.3870 is broken-down, follow the recommendations below:
- Time frame: D1
- Recommendation: short position
- Entry point: 1.3870
- Take profit 1: 1.3740
- Take Profit 2: 1.3600
Comment:
RSI indicates upside potential in the medium term.
Key levels:
| Resistance | Support |
| 1.4350 | 1.3870 |
| 1.4250 | 1.3740 |
| 1.4100 | 1.3600 |
