Source: PaxForex Premium Analytics Portal, Technical Insight

Canada: the overall inflation rate may well accelerate again in May - CIBC.

EUR/CAD,D1

Pivot: 1.3672

Analysis:

As long as price is below 1.3750 follow the recommendations below:

• Time frame: D1
• Recommendation: short position
• Entry point: 1.3470
• Take Profit 1: 1.3400
• Take Profit 2: 1.3200

Alternative scenario:

If the level of 1.3750 is broken-out, follow the recommendations below:                

• Time frame: D1
• Recommendation: long position
• Entry point: 1.3750
• Take profit 1: 1.3985
• Take Profit 2: 1.4160

Comment:

RSI indicates downside potential in the medium term.

Key levels: