EUR/CAD chart on Trading View used for analysis
- EUR/CAD is trading 0.37% higher on the day at 1.5268 at the time of writing.
- The pair finds stiff resistance at 200-DMA and decisive break above to see further upside.
- Technical indicators are biased higher. RSI is above 60 with toom to run further.
- Momentum studies are billush and we see the RSI and Stochs are nicely converging with price action.
- Break above 200-DMA finds next resistace at 38.2% Fib at 1.5289, 1.5371 (Sept 6 high), 1.5454 (50% Fib).
- On the flipside, rejection at 200-DMA could see weakness till 23.6% Fib at 1.5085.
Recommendation: Good to go long on breakout at 200-DMA, SL: 1.5204, TP: 1.53/ 1.5370/ 1.5450
For details on FxWirePro's Currency Strength Index, visit http://www.fxwirepro.com/currencyindex.


FxWirePro: GBP/NZD uptrend loses steam, remains on bullish path
FxWirePro: GBP/USD slips as dollar extends gains after US PMI data
FxWirePro- Major Crypto levels and bias summary
FxWirePro: GBP/AUD firms slightly, but downward resumption looks likely
S&P 500 Relies on Tech for Growth in Q4 2024, Says Barclays
JPY Major Currency Score – Pairs Trades Flat & Good to Avoid
Fed May Resume Rate Hikes: BofA Analysts Outline Key Scenarios
JPY Major Currency Score: All Pairs Trading Flat with Neutral Bias
2025 Market Outlook: Key January Events to Watch
Stock Futures Dip as Investors Await Key Payrolls Data
Gold Pares Gains Amidst Dollar Strength; Technicals Signal Sell-on-Rally Opportunity
U.S. Stocks vs. Bonds: Are Diverging Valuations Signaling a Shift?
Gold Prices Fall Amid Rate Jitters; Copper Steady as China Stimulus Eyed
Fade the Rally: EUR/JPY Short Opportunity Near 180.80
FxWirePro- Major Crypto levels and bias summary
FxWirePro-24-Hour Crypto Category-Based Performance Dashboard 



