Source: PaxForex Premium Analytics Portal, Technical Insight

ECB, Lagarde: it is unlikely that we will return to a low inflation environment.

EUR/CAD,D1

Pivot: 1.3472

Analysis:

As long as the price is above 1.3440 follow the recommendations below:

• Time frame: D1
• Recommendation: long position
• Entry point: 1.3482
• Take Profit 1: 1.3675
• Take Profit 2: 1.3770

Alternative scenario:

If the level of 1.3440 is broken-down, follow the recommendations below:                     

• Time frame: D1
• Recommendation: short position
• Entry point: 1.3440
• Take profit 1: 1.3385
• Take Profit 2: 1.3300

Comment:

RSI indicates upside potential in the medium term.

Key levels: