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FxWirePro

EUR/CAD Medium Term Outlook

Long
Euro / Canadian Dollar (FX:EURCAD)  
FxWirePro  
FX:EURCAD   Euro / Canadian Dollar
0
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EUR/CAD made a low of 1.4198 and has recovered from that level. Overall trend is bullish as long as support 1.4170 holds.
On the downside break below will target 1.4100/1.4050.
Minor resistance is around 1.4350. Any indicative break above would extend gain to 1.4455 and 1.45.
Recommendation: Buy EUR/CAD around 1.4270, SL 1.4165, Target 1.450.
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