- EUR/CAD has made a high of 1.4760 yesterday and retreated from that level. It is currently trading at 1.4625
- The pair is facing strong trend line resistance around 1.4705 (trend line joining 1.51575 and 1.4982) and any break above confirms short term bullishness, a jump till 1.4760/1.4815 is possible.
- On the downside minor support is around 1.4600 and any break below targets 1.4540/1.4500.
- Overall bearish invalidation only above 1.4705
It is good to buy sell on rallies around 1.4630-35 with SL around 1.4685 for the TP of 1.4550
