Source: PaxForex Premium Analytics Portal, Technical Insight
On Tuesday, ECB Governing Council Member and Bank of Finland Governor Olli Rehn suggested that Europe should position itself better ahead of Trump’s second term.
EUR/CAD,D1
Pivot: 1.4780
Analysis:
As long as the price is above 1.4750 follow the recommendations below:
- Time frame: D1
- Recommendation: long position
- Entry point: 1.4780
- Take Profit 1: 1.5000
- Take Profit 2: 1.5100
Alternative scenario:
If the level of 1.4750 is broken-down, follow the recommendations below:
- Time frame: D1
- Recommendation: short position
- Entry point: 1.4750
- Take profit 1: 1.4700
- Take Profit 2: 1.4600
Comment:
RSI indicates upside potential in the medium term.
Key levels:
| Resistance | Support |
| 1.5200 | 1.4750 |
| 1.5100 | 1.4700 |
| 1.5000 | 1.4600 |
