EUR/CAD awaits breakout

FX:EURCAD   Euro / Canadian Dollar
Resistance - 1.4333, 1.4376, 1.44

Support - 1.4230-1.4220, 1.4178, 1.41

  • Pair is trading in a sideways channel following a break from falling trend line .
  • A break above 1.4333 (upper-end of the range) would open doors for a rise to 1.4488.
  • On the other hand, a break below lower end of 1.4178 would expose 1.4023.
Given, the falling trend line has been breached, an upside break looks more likely.
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