- EUR/CAD is facing major support at 1.3540 (trend line joining 1.30221 and 1.34280) and any break below will confirm short term bearishness, a decline till 1.3400 cannot be ruled out
- On the upside minor resistance is around 1.3630 and any break above will target 1.3660/1.3690.
Indicator (1 Hours chart)
CCI (50) – Sell
CCI (14) – Sell
Ichimoku- Sell
It is good to sell below 1.3540 with stop around 1.3630 for the target 1.3400
Resistance
R1- 1.3630
R2-1.3665
R3-1.3690
Support
S1-1.3540
S2-1.3428
S3-1.3400
The material has been provided by InstaForex Company – www.instaforex.com