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EUR/CAD breaks short term trend line resistance 1.4800 (trend line joining 1.45955 and 1.4658) and confirms short term weakness, a decline till 1.4600 cannot be ruled out.
- 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 1.4775 (200 day 4 HMA) and break will drag the pair till 1.4660/1.4600.
It is good to sell on rallies around 1.4800 with SL around 1.4850 for the TP of 1.4700/1.4655
Resistance
R1- 1.4850
R2-1.4915
R3- 1.4960
Support
S1-1.4775
S2-1.4660
S3-1.4600
