Source: PaxForex Premium Analytics Portal, Technical Insight
ECB's de Guindos: While we are heading in the right direction, we must not get ahead of ourselves.
EUR/CAD,D1
Pivot: 1.4533
Analysis:
As long as the price is below 1.4700 follow the recommendations below:
- Time frame: D1
- Recommendation: short position
- Entry point: 1.4533
- Take Profit 1: 1.4400
- Take Profit 2: 1.4300
Alternative scenario:
If the level of 1.4700 is broken-out, follow the recommendations below:
- Time frame: D1
- Recommendation: long position
- Entry point: 1.4700
- Take profit 1: 1.4800
- Take Profit 2: 1.4900
Comment:
RSI indicates downside potential in the medium term.
Key levels:
| Resistance | Support |
| 1.4900 | 1.4400 |
| 1.4800 | 1.4300 |
| 1.4700 | 1.4200 |
