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EUR/CAD faces major support around 1.5625, break below targets 1.5000

Thursday, January 28, 2016 12:28 PM UTC

Major support -1.52650 (trend line joining 1.4957 and 1.5225)
The pair has made a low of 1.5255 yesterday and started to recover from that level. It is currently trading around 1.5345.
EUR/CAD faces strong support around 1.52650 and any break below will drag the pair down till 1.521/1.5070/1.5000 in short term.
On the higher side major resistance is around 1.5400 and break above will take the pair till 1.5426/1.5470 level.
Short term bullishness only above 1.5570.

It is good to sell below 1.5265 with SL around 1.5310 for the TP of 1.5070/1.5000

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EUR/CAD faces major support around 1.5625, break below targets 1.5000

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