Source: PaxForex Premium Analytics Portal, Technical Insight
ECB, Centeno: Inflation should decline if the impact of atypical factors is reduced.
EUR/CAD,D1
Pivot: 1.4548
Analysis:
As long as price is below 1.4826 follow the recommendations below:
- Time frame: D1
- Recommendation: short position
- Entry point: 1.4578
- Take Profit 1: 1.4500
- Take Profit 2: 1.4329
Alternative scenario:
As long as price is below 1.4826 follow the recommendations below:
- Time frame: D1
- Recommendation: long position
- Entry point: 1.4826
- Take profit 1: 1.5058
- Take Profit 2: 1.5197
Comment:
RSI indicates the potential for decline in the medium term.
Key levels:
| Resistance | Support |
| 1.5197 | 1.4500 |
| 1.5058 | 1.4329 |
| 1.4826 | 1.4153 |
