Source: PaxForex Premium Analytics Portal, Technical Insight
Villeroy: the ECB has no need to raise rates in 2022.
EUR/CAD,D1
Pivot: 1.4389
Analysis:
As long as price is above 1.4172 follow the recommendations below:
- Time frame: D1
- Recommendation: long position
- Entry point: 1.4389
- Take Profit 1: 1.4500
- Take Profit 2: 1.4649
Alternative scenario:
If the level of 1.4172 is broken-down, follow the recommendations below:
- Time frame: D1
- Recommendation: short position
- Entry point: 1.4172
- Take profit 1: 1.3995
- Take Profit 2: 1.3826
Comment:
RSI indicates upside potential in the medium term.
Key levels:
| Resistance | Support |
| 1.4779 | 1.4172 |
| 1.4649 | 1.3955 |
| 1.4500 | 1.3826 |
