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Long

EUR/CAD breaks short term resistance 1.4120,targets 1.4330

FX:EURCAD   Euro / Canadian Dollar
137 1 5
EUR/CAD has broken short term resistance 1.4120 on Greece deal hopes which is expected to complete by this Sunday meeting.

EURO             recovered from yesterday low as Greece submitted a 13 page new bailout proposal to European institutions late yesterday to for a three year bailout loan. Market hopes that deal could be reached between Greece and European creditors on crisis summit on Sunday.

Technically it has broken short term resistance 1.4120 and jump till 1.4330 cannot be ruled out.

On the downside minor support is around 1.4060 and any break below will drag the pair further down till 1.4000/1.3980.

It is good to buy at dips 1.4135 with SL around 1.4060 for the TP of 1.4330.
Should we create a Pending order at 1.4135 now ?
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