Source: PaxForex Premium Analytics Portal, Technical Insight
Canada: consumer price index rising to 5.1% y/y in January compared to expectations of 4.8%.
EUR/CAD,D1
Pivot: 1.4448
Analysis:
As long as price is above 1.4172 follow the recommendations below:
- Time frame: D1
- Recommendation: long position
- Entry point: 1.4389
- Take Profit 1: 1.4700
- Take Profit 2: 1.4840
Alternative scenario:
If the level of 1.4172 is broken-down, follow the recommendations below:
- Time frame: D1
- Recommendation: short position
- Entry point: 1.4172
- Take profit 1: 1.3995
- Take Profit 2: 1.3826
Comment:
RSI indicates upside potential in the medium term.
Key levels:
| Resistance | Support |
| 1.4998 | 1.4172 |
| 1.4840 | 1.3955 |
| 1.4700 | 1.3826 |
