Source: PaxForex Premium Analytics Portal, Technical Insight

ECB, Muller: we will consider the probability of an increase in APP after the end of the PEPP program.

EUR/CAD,D1

Pivot: 1.4929

Analysis:

As long as price is above 1.4612 follow the recommendations below:

• Time frame: D1
• Recommendation: long position
• Entry point: 1.4929
• Take Profit 1: 1.5100
• Take Profit 2: 1.5300

Alternative scenario:

If the level of 1.4612 is broken-down, follow the recommendations below:    

• Time frame: D1
• Recommendation: short position
• Entry point: 1.4612
• Take profit 1: 1.4283
• Take profit 2: 1.4087

Comment:

RSI indicates the potential for growth in the medium term.

Key levels: