FxWirePro: EUR/CAD breaks 200-day MA, bias higher, stay long

• EUR/CAD has shown a decisive break above 200-DMA. Scope for test of 1.4532 (50% Fib retrace of 1.5281 to 1.3784 fall).
   
• The pair is trading a narrow range with high of 1.4455 and low of 1.4426.
   
• Momentum studies are bullish and MACD supports uptrend.
   
• Euro remains underpinned by various opinion polls, showing Macron leading the French presidential election race.
   
• Persisting risk-off also to keep the single currency supported. 

Support levels - 1.4375 (5-DMA), 1.4390 (Weekly 200-SMA), 1.4241 (Mar 16 low), 1.4137 (23.6% Fib retrace of 1.5281 to 1.3784 fall) 

Resistance levels - 1.4532 (50% Fib), 1.46, 1.4673 (Aug 22 high)

TIME  TREND INDEX  OB/OS INDEX    

1H          Neutral               Neutral       
4H          Bullish                Neutral       
1D          Bullish                Neutral        
1W         Bullish                Neutral      

Call update: Our previous call (http://www.econotimes.com/FxWirePro-EUR-CAD-hovers-around-200-DMA-good-to-go-long-on-break-above-600043) has hit TP1. 

Recommendation: Book partial profits, hold for further upside. 

FxWirePro Currency Strength Index: FxWirePro's Hourly EUR Spot Index was at 34.0518(Neutral), while Hourly CAD Spot Index was at -86.6233 (Bearish) at 0730 GMT. For more details on FxWirePro's Currency Strength Index, visit http://www.fxwirepro.com/currencyindex.