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EUR/CAD - Eyes rising trend line support on hourly

FX:EURCAD   Euro / Canadian Dollar
Cross had a nice run after witnessing a bullish break from sideways channel as mentioned here.

Pair's is now eyeing rising trend line support seen at 1.4637 levels - 1.4627 (50-SMA). The hourly RSI is yet to reach oversold territory, thus indicating scope for a drop to trend line support.

A break lower would expose 1.4578 (falling trend line support on daily chat) where fresh demand can be anticipated, given the daily RSI is sitting above 50.00 levels.





Agreed. RSI has bullish character I think. Trending more in the upper regions than in the lower. So after small drop, I expect further rising. Maybe worth a buy when price has dropped to 1.4578 region.
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I agree, I think it will bounce and start going UP
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Looking for bounce as am seeing oil price weakness. Plus, there is also possibility of rebound in EUR/USD pair from 1.1431
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SO are you looking lower,or a bounce???
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