Source: PaxForex Premium Analytics Portal, Technical Insight
ECB: Another upward surprise seems necessary to keep the 75 bps hiking pace going.
EUR/CAD,D1
Pivot: 1.3838
Analysis:
As long as the price is above 1.3700 follow the recommendations below:
- Time frame: D1
- Recommendation: long position
- Entry point: 1.3838
- Take Profit 1: 1.4000
- Take Profit 2: 1.4200
Alternative scenario:
If the level of 1.3700 is broken-down, follow the recommendations below:
- Time frame: D1
- Recommendation: short position
- Entry point: 1.3700
- Take profit 1: 1.3570
- Take Profit 2: 1.3400
Comment:
RSI indicates upside potential in the medium term.
Key levels:
| Resistance | Support |
| 1.4350 | 1.3700 |
| 1.4200 | 1.3570 |
| 1.4000 | 1.3400 |
