Source: PaxForex Premium Analytics Portal, Technical Insight
ECB’s de Guindos: Economic activity likely to remain subdued in coming months.
EUR/CAD,D1
Pivot: 1.4442
Analysis:
As long as the price is above 1.4350 follow the recommendations below:
- Time frame: D1
- Recommendation: long position
- Entry point: 1.4442
- Take Profit 1: 1.4550
- Take Profit 2: 1.4700
Alternative scenario:
If the level of 1.4350 is broken-down, follow the recommendations below:
- Time frame: D1
- Recommendation: short position
- Entry point: 1.4350
- Take profit 1: 1.4260
- Take Profit 2: 1.4160
Comment:
RSI indicates upside potential in the medium term.
Key levels:
| Resistance | Support |
| 1.4800 | 1.4350 |
| 1.4700 | 1.4260 |
| 1.4550 | 1.4160 |
