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Long

EUR/CAD takes support near trend line, good to buy at dips

FX:EURCAD   Euro Fx/Canadian Dollar
130 0 4
EUR/CAD has made a low of 1.4197 yesterday and started to recover from that level. It is currently trading around 1.4300

The pair has taken support near trend line 1.4197 (trend line joining 1.4378 and 1.4258) and any further weakness only below 1.4190.

The major resistance stood at 1.4370 and break will take to new level around 1.4500.

On the downside minor support is around 1.4290 and break below targets 1.4270/1.4250.

It is good to buy at dips around 1.4300 with SL around 1.4270 for the TP of 1.4370/1.4425
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