tayalsmith
Long

EUR/CAD ANALYSIS

FX:EURCAD   Euro / Canadian Dollar
3 0 0
The secondary trend of EUR/CAD is bullish on charts and price is trading above the trend line in its hourly chart. In hourly chart the price is sustaining above 200 day SMA and taking support of 50 day SMA indicating uptrend of the pair.
Resistance level of 1.5000 and Support level of 1.4795
If it breaks its resistance level on the upside and sustains above it then we can expect it to show further bullish movement in the pair.

INDICATORS:-
RSI is sustaining in its buying zone indicating the upcoming bullish trend in the pair.

STRATEGY:One can go for buy on lower level strategy for this pair for intra day to mid term positions in it.
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