- Symmetric triangle pattern breakout evidenced.
- EUR/CAD breaks major resistance at 1.4645, bias higher.
- Pair was rejected at lows by 1.4649, extends upside.
- Momentum studies are bullish, scope for test of 200-DMA at 1.4762.
- Major support levels - 1.4640 (triangle top), 1.4622 (5-DMA), 1.4604 (10-DMA), 1.4565 (Aug 31 low).
- Major resistance levels - 1.4684 (Sept 1 high), 1.4706 (June 2 high), 1.4722 (Aug 22 high), 1.4762 (200-DMA).
Recommendation: Good to long dips around 1.4660, SL: 1.46, TP: 1.47/ 1.4722/ 1.4762
