Source: PaxForex Premium Analytics Portal, Technical Insight
ECB, Holzmann: the ECB might raise the rate in September if there are no new asset buybacks in July.
EUR/CAD,D1
Pivot: 1.3974
Analysis:
As long as price is below 1.4172 follow the recommendations below:
- Time frame: D1
- Recommendation: short position
- Entry point: 1.3974
- Take Profit 1: 1.3750
- Take Profit 2: 1.3650
Alternative scenario:
If the level of 1.4172 is broken-out, follow the recommendations below:
- Time frame: D1
- Recommendation: long position
- Entry point: 1.4172
- Take profit 1: 1.4450
- Take Profit 2: 1.4600
Comment:
RSI indicates downside potential in the medium term.
Key levels:
| Resistance | Support |
| 1.4600 | 1.3750 |
| 1.4450 | 1.3650 |
| 1.4172 | 1.3600 |
