Source: PaxForex Premium Analytics Portal, Technical Insight
ECB’s Vasle: Further interest-rate increases will be needed.
EUR/CAD,D1
Pivot: 1.4599
Analysis:
As short as the price is below 1.4750 follow the recommendations below:
- Time frame: D1
- Recommendation: short position
- Entry point: 1.4599
- Take Profit 1: 1.4500
- Take Profit 2: 1.4400
Alternative scenario:
If the level of 1.4750 is broken-out, follow the recommendations below:
- Time frame: D1
- Recommendation: long position
- Entry point: 1.4750
- Take profit 1: 1.4850
- Take Profit 2: 1.4935
Comment:
RSI indicates downside potential in the medium term.
Key levels:
Resistance | Support |
1.4935 | 1.4500 |
1.4850 | 1.4400 |
1.4750 | 1.4300 |