EUR/CAD Short term Outlook

FX:EURCAD   Euro / Canadian Dollar
78 0 0
EUR/CAD has retreated after making a high of 1.4288. Overall trend is weak as long as resistance 1.4300 holds.

On the downside minor support is around 1.4130 and break below will target 1.4050/1.4000.

The pair’s minor resistance is around 1.4200 (200 day HMA ) and any intraday bullishness can be seen only above 1.4200.

Indicators (1 Hours chart)
CCI (50) - Sell
CCI (14) - Sell
Ichimoku- Sell

Recommendation: Sell EUR/CAD around 1.4130-35, SL 1.4205, Targets 1.4051/1.4005.

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