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EUR/CAD breaks minor support around 1.5070, targets 1.4940

  • EUR/CAD has broken minor trend line support 1.5070 (trend line joining 1.4873 and 1.5000) and slight decline till 1.4940/1.4830 is possible.

  • Intraday bullishness only above 1.5105 and any break above will take the pair till 1.5160.

  • On the downside minor support is around 1.5040 and any break below targets 1.5000/1.4940.

  • Bearish invalidation only above 1.5160.

It is good to sell on rallies around 1.5050-55 with SL around 1.5105 for the TP of 1.4960/1.4930

 

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