Source: PaxForex Premium Analytics Portal, Technical Insight
Reuters reports that Central Bank governor and ECB official Peter Kazimir has been charged with bribery.
EUR/CAD,D1
Pivot: 1.4427
Analysis:
As long as price is below 1.4650 follow the recommendations below:
- Time frame: D1
- Recommendation: short position
- Entry point: 1.4427
- Take Profit 1: 1.4329
- Take Profit 2: 1.4084
Alternative scenario:
If the level of 1.4650 is broken-down, follow the recommendations below:
- Time frame: D1
- Recommendation: long position
- Entry point: 1.4650
- Take profit 1: 1.4917
- Take Profit 2: 1.5075
Comment:
RSI indicates the potential for decline in the medium term.
Key levels:
| Resistance | Support |
| 1.5095 | 1.4329 |
| 1.4917 | 1.4084 |
| 1.4650 | 1.3926 |
