EUR/CAD breaks major support at 1.4350, targets 1.43

FX:EURCAD   Euro / Canadian Dollar
137 0
EUR/CAD edges lower from session highs at 1.4385, 10-DMA (currently at 1.4411) weighs on the upside.

Momentum studies are bearish , RSI below 50 levels, pointing south and MACD below zero supports downside.

The pair finds strong trendline support at 1.4350 levels, break below is likely to accentuate downside.

Steady performance from EUR seen during the Asian session, focus now on EMU’s Investor Sentiment tracked by the Sentix index along with producer price data for further momentum in the pair.

EUR/CAD finds support below 1.4350 at 1.4330 (July 1st lows) and then 1.4325 (June 30th lows).

On the upside resistance is seen at 1.4375 (5-DMA) ahead of 1.4411 (10-DMA) and then 1.4440 ( 20-DMA ).

Good to go short on a decisive break below 1.4350, SL: 1.4375, TP: 1.4315/ 1.4295/ 1.4270.
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
HE עברית
Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing Send feedback Ideas Published Followers Following Private Messages Chat Sign Out