EUR/CAD | Euro to Canadian Dollar Trading Analysis

Source: PaxForex Premium Analytics Portal, Technical Insight

Rogers, Bank of Canada: May CPI numbers are an "undesirable number."

EUR/CAD,D1

Pivot: 1.3472

Analysis:

As long as the price is above 1.3530 follow the recommendations below:

• Time frame: D1
• Recommendation: long position
• Entry point: 1.3683
• Take Profit 1: 1.3770
• Take Profit 2: 1.3900

Alternative scenario:

If the level of 1.3530 is broken-down, follow the recommendations below:                        

• Time frame: D1
• Recommendation: short position
• Entry point: 1.3530
• Take profit 1: 1.3385
• Take Profit 2: 1.3300

Comment:

RSI indicates upside potential in the medium term.

Key levels: