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EUR/CAD faces strong trend line resistance around 1.4760, break above targets 1.5815

  • EUR/CAD has made a low of 1.4540 yesterday and recovered from that level. It is currently trading at 1.4735
     
  • The pair  is facing strong trend line resistance around 1.4760 and any break above confirms short term bullishness, a jump till 1.4815/1.4895 is possible.
     
  • On the downside minor support is around 1.4680 and any break below targets 1.4650/1.4600.
     
  • Overall bullish invalidation only below 1.4540

It is good to buy only above 1.4760 with SL around 1.4680 for the TP of 1.4815/1.4880

 

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