EUR/CAD takes support near trend line, good to buy at dips
Major support- 1.5690 (trend line joining 1.4957 and 1.5360)
Trend reversal Level- 1.5660 (200 day HMA)
The pair has taken support around 1.5705 and started to recover from that level .It is currently trading around 1.5780.
Any break below 1.5690 will take the pair down till 1.5660/1.5600.
On the higher major resistance is around 1.5850 and break above targets 1.5905/1.6000.
It is good to buy at dips around 1.5750-55 with SL around 1.5690 for the TP of 1.5845/1.5905
Trend reversal Level- 1.5660 (200 day HMA)
The pair has taken support around 1.5705 and started to recover from that level .It is currently trading around 1.5780.
Any break below 1.5690 will take the pair down till 1.5660/1.5600.
On the higher major resistance is around 1.5850 and break above targets 1.5905/1.6000.
It is good to buy at dips around 1.5750-55 with SL around 1.5690 for the TP of 1.5845/1.5905