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EUR/CAD is facing resistance around 1.3800 (200 day 4 Hour EMA), decling till 1.3590 cannot be ruled out.

  • RES 4: 1.3880

  • RES 3: 1.3830

  • RES 2: 1.3805 (200 day 4 Hour EMA)

  •  RES 1: 1.3760

 PRICE:1.3698 @12:11 GMT 

  • SUP 1: 1.3630

  • SUP 2: 1.3590

  • SUP 3:1.3560

  •  SUP 4: 1.3470

Commentary:

EUR/CAD is facing resistance around 1.3800 and short term reversal can happen only above that level. Intraday bias remain weak and chance of declining till 1.3590 is high

It is good to sell on rallies around 1.3750 for the target of 1.3590 level.

 

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