FxWirePro
Long

EUR/CAD Short term Outlook

FX:EURCAD   Euro Fx/Canadian Dollar
6 0 1
EUR/CAD has taken support at 1.4170 and has recovered from that level. It has also broken minor resistance 1.4250 ( Oct             23rd high) and is expected to trade higher in the coming days.
Short term trend is bullish .On the upper side break of 1.4250 will target 1.4308/1.4350 ( 61.8% retracement of 1.44552 and 1.4159).
Minor support is around 1.4200. An indicative break below will reach 1.4150/1.4100.
Recommendation: Buy EUR/CAD around 1.4250-55, SL 1.4198, Target 1.4350.
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