EUR/CAD breaks major trend line resistance, targets 1.4950

EUR/CAD has broken major trend line resistance around 1.4800 (trend line joining 1.5175 and 1.4890) and break above confirms 1.4890/1.4950.

On the downside major support is around 1.4740 and break below targets 1.4690 level.

Overall trend reversal only below 1.4600.

It is good to buy at dips around 1.4780-82 with SL around 1.4740 for the TP of 1.4890/1.4950