FxWirePro
Long

'Bullish Bat' pattern on EUR/CAD, good to buy dips

FX:EURCAD   Euro / Canadian Dollar
158 0 10
Bullish Bat Pattern seen on EUR/CAD daily charts .

The pair has edged higher from 1.4389 levels which is pivotal, weakness seen only on breaks below 1.4380.

Retracement upto 1.5330 (61.8% Fib of 1.59145 to 1.43889 fall) likely.

Immediate support and resistance for the pair are located at 1.4697 (200-DMA) and 1.4734 (5-DMA).

Recommendation: Buy dips around 1.4660/80, SL: 1.4380, TP: 1.4970/1.5150/1.5330
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