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FxWirePro

EUR/CAD Daily Outlook

Long
Euro / Canadian Dollar (FX:EURCAD)  
FxWirePro  
FX:EURCAD   Euro / Canadian Dollar
1
0
EUR/CAD has retreated till 1.4203 after making a high of 1.46430. In hourly chart CCI (50) has formed bullish divergence and a slight bounce back till 1.4325 cannot be ruled out.
On the downside major support is around 1.4170 and any indicative break below will target 1.4120/1.4050.

Recommendation: Buy EUR/CAD around 1.4235, SL 1.4169, Target 1.4325.
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