Intraday trend: Bullish
Ichimoku analysis (1 Hour chart):
Tenkan-Sen level: 1.4195
Kijun-Sen level: 1.4168
Ichimoku cloud top: 1.4097
Ichimoku cloud bottom: 1.4114
EUR/CAD has broken major resistance 1.4200 and it confirms the resumption of bullishness.
On the upper side break above will target 1.4296/1.43412 in the short term. The pair ‘s major intraday support is around 1.4160 and intraday trend reversal only below that level.
Any indicative break below would extend loss to 1.4100/1.4060.
Recommendation: Buy EUR/CAD around 1.4210-15, SL 1.4159, Target 1.4296/1.43412.
Ichimoku analysis (1 Hour chart):
Tenkan-Sen level: 1.4195
Kijun-Sen level: 1.4168
Ichimoku cloud top: 1.4097
Ichimoku cloud bottom: 1.4114
EUR/CAD has broken major resistance 1.4200 and it confirms the resumption of bullishness.
On the upper side break above will target 1.4296/1.43412 in the short term. The pair ‘s major intraday support is around 1.4160 and intraday trend reversal only below that level.
Any indicative break below would extend loss to 1.4100/1.4060.
Recommendation: Buy EUR/CAD around 1.4210-15, SL 1.4159, Target 1.4296/1.43412.