Source: PaxForex Premium Analytics Portal, Technical Insight
Canada: CPI up 4.1% y/y in August.
EUR/CAD,D1
Pivot: 1.4964
Analysis:
As long as price is above 1.4612 follow the recommendations below:
- Time frame: D1
- Recommendation: long position
- Entry point: 1.4964
- Take Profit 1: 1.5100
- Take Profit 2: 1.5300
Alternative scenario:
If the level of 1.4612 is broken-down, follow the recommendations below:
- Time frame: D1
- Recommendation: short position
- Entry point: 1.4612
- Take profit 1: 1.4283
- Take profit 2: 1.4087
Comment:
RSI indicates the potential for growth in the medium term.
Key levels:
| Resistance | Support |
| 1.5496 | 1.4612 |
| 1.5300 | 1.4283 |
| 1.5100 | 1.4087 |
