EUR/CAD takes support near 200 4HMA,jump till 1.3630 is possible
EUR/CAD has declined till 1.3457 and recovered from that level. Short term trend is bullish as long as support 1.3430 (200 day 4HMA) holds.
On the upside minor resistance is around 1.3540 and any break above will target 1.3570/1.3638.
The break of major support 1.3430 will drag the pair further down till 1.3400.
Indicator (4 Hours chart)
CCI (50) - Sell
CCI (14) – Sell
Ichimoku- Neutral
It is good to buy at declines around 1.3480 for the targets of 1.357/1.3635 with stop around 1.3430.
On the upside minor resistance is around 1.3540 and any break above will target 1.3570/1.3638.
The break of major support 1.3430 will drag the pair further down till 1.3400.
Indicator (4 Hours chart)
CCI (50) - Sell
CCI (14) – Sell
Ichimoku- Neutral
It is good to buy at declines around 1.3480 for the targets of 1.357/1.3635 with stop around 1.3430.