FxWirePro
Short

EUR/CAD major resistance 1.4650, upside only on break above

FX:EURCAD   Euro Fx/Canadian Dollar
EUR/CAD hovers around the 1.46 handle, intraday bias lower.

Symmetric triangle pattern on 4 hourly charts. Pair was rejected at triangle top.

Techs support downside, RSI and Stochs biased lower.

Focus on final manufacturing PMIs in Euroland ahead of the speech by ECB’s E.Nowotny.

Major support levels - 1.4588 (4H 50-MA), 1.4555 (20-DMA), 1.4540 (triangle base).

Major resistance levels - 1.4634 (session high), 1.4650 (triangle top), 1.4672 (Aug 22 high).

Good to sell rallies around 1.4620, SL: 1.4660, TP: 1.4555/ 1.4540
Bintang PRO
3 months ago
failed break, strong reversal, down from here...
Reply
Ideas Scripts Chart
United States
United Kingdom
India
España
Italia
Brasil
Россия
Türkiye
日本
한국
Home Stock Screener Economic Calendar How It Works Chart Features House Rules Moderators For the WEB Widgets Stock Charting Library Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Private Messages Chat Ideas Published Followers Following Priority Support Public Profile Profile Settings Billing Sign Out