- EUR/CAD breaks short term trend line resistance 1.4800 (trend line joining 1.45955 and 1.4658) and declined till 1.4725. It is currently trading at 1.4795.
- On the higher side minor resistance is around 1.4850 and any break above would extend gains till 1.4915.
- The pair’s support is around 1.4785 (200 day 4 HMA) and break will drag the pair till 1.4725/1.4660.
It is good to sell on rallies around 1.4800 with SL around 1.4850 for the TP of 1.4700/1.4655
The material has been provided by InstaForex Company – www.instaforex.com