Source: PaxForex Premium Analytics Portal, Technical Insight
The WTI might revisit the $95 area in the near term, which might provide some support for the CAD.
EUR/CAD,D1
Pivot: 1.2919
Analysis:
As long as the price is below 1.3260 follow the recommendations below:
- Time frame: D1
- Recommendation: short position
- Entry point: 1.2919
- Take Profit 1: 1.2850
- Take Profit 2: 1.2750
Alternative scenario:
If the level of 1.3260 is broken-out, follow the recommendations below:
- Time frame: D1
- Recommendation: long position
- Entry point: 1.3260
- Take profit 1: 1.3390
- Take Profit 2: 1.3510
Comment:
RSI indicates downside potential in the medium term.
Key levels:
| Resistance | Support |
| 1.3510 | 1.2850 |
| 1.3390 | 1.2750 |
| 1.3260 | 1.2650 |
