Source: PaxForex Premium Analytics Portal, Technical Insight
Villeroy, ECB: there is no recession risk at the moment because of the events in Ukraine.
EUR/CAD,D1
Pivot: 1.3986
Analysis:
As long as price is above 1.4172 follow the recommendations below:
- Time frame: D1
- Recommendation: short position
- Entry point: 1.3986
- Take Profit 1: 1.3826
- Take Profit 2: 1.3750
Alternative scenario:
If the level of 1.4172 is broken-down, follow the recommendations below:
- Time frame: D1
- Recommendation: long position
- Entry point: 1.4172
- Take profit 1: 1.4450
- Take Profit 2: 1.4600
Comment:
RSI indicates downside potential in the medium term.
Key levels:
Resistance | Support |
1.4600 | 1.3826 |
1.4450 | 1.3750 |
1.4172 | 1.3641 |