Source: PaxForex Premium Analytics Portal, Technical Insight
Head of ECB Lagarde: we are recovering from the pandemic and the economy is stabilizing.
EUR/CAD,D1
Pivot: 1.4944
Analysis:
As long as price is above 1.4600 follow the recommendations below:
- Time frame: D1
- Recommendation: long position
- Entry point: 1.4944
- Take Profit 1: 1.5048
- Take Profit 2: 1.5309
Alternative scenario:
If the level of 1.4600 is broken-down, follow the recommendations below:
- Time frame: D1
- Recommendation: short position
- Entry point: 1.4600
- Take profit 1: 1.4262
- Take profit 2: 1.4061
Comment:
RSI indicates the potential for growth in the medium term.
Key levels:
| Resistance | Support |
| 1.5511 | 1.4600 |
| 1.5309 | 1.4262 |
| 1.5048 | 1.4061 |
