EUR/CAD | Euro to Canadian Dollar Trading Analysis

Source: PaxForex Premium Analytics Portal, Technical Insight

Lower crude oil prices weigh on the commodity-linked Canadian Dollar.

EUR/CAD,D1

Pivot: 1.5097

Analysis:

As long as the price is above 1.5000 follow the recommendations below:

• Time frame: D1
• Recommendation: long position
• Entry point: 1.5097
• Take Profit 1: 1.5200
• Take Profit 2: 1.5300

Alternative scenario:

If the level of 1.5000 is broken-down, follow the recommendations below:   

• Time frame: D1
• Recommendation: short position
• Entry point: 1.5000
• Take profit 1: 1.4800
• Take Profit 2: 1.4650

Comment:

RSI indicates upside potential in the medium term.

Key levels: