Source: PaxForex Premium Analytics Portal, Technical Insight
European Central Bank (ECB) policymaker Francois Villeroy de Galhau said on Wednesday, it's “too early to speculate about what we will do in March.”
EUR/CAD,D1
Pivot: 1.4571
Analysis:
As long as the price is above 1.4250 follow the recommendations below:
- Time frame: D1
- Recommendation: long position
- Entry point: 1.4571
- Take Profit 1: 1.4700
- Take Profit 2: 1.4900
Alternative scenario:
If the level of 1.4250 is broken-down, follow the recommendations below:
- Time frame: D1
- Recommendation: short position
- Entry point: 1.4250
- Take profit 1: 1.4090
- Take Profit 2: 1.3940
Comment:
RSI indicates upside potential in the medium term.
Key levels:
| Resistance | Support |
| 1.5000 | 1.4250 |
| 1.4900 | 1.4090 |
| 1.4700 | 1.3940 |
