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EUR/CAD takes support near trend line, a jump till 1.3700 is possible

  •   RES4: 1.3766 (May 7th high)

  •   RES3:1.37100

  •   RES2:1.3662 (Cloud bottom)

  •   RES 1: 1.3620 (20 day day HMA)

      PRICE: 1.3578 @11:37 GMT 

  •   SUP 1:  1.3525 (Trend line support)

  •  SUP 4: 1.3480 (200 day HMA)

  •   SUP3: 1.3405 (May 5th low)

  •   SUP4: 1.3350

EUR/CAD has taken support near trend line 1.3525 and recovered from that level. Overall trend is bullish as long a support 1.3520 holds.

On the upside minor resistance is around 1.3620 and any break above will target 1.3700/1.3765 in short term.

It is good to buy at declines around 1.3560 with stop around 1.3520 for the target of 1.3700.

 

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