Potential Reversal Zone (PRZ) – 1.4595
EUR/CAD has made a high of 1.4749 and started retreating due to stronger oil prices.
Canadian dollar prices has been supported by stronger oil prices . Crude oil prices has rallied in Asian session as major oil producers are ready to jointly tackle the prolonged lower prices.
The pair’s major resistance is around 1.4760 and any break above targets 1.4815/1.4860.
On the downside minor support is around 1.4655 and any break below targets 1.4595/1.4540.
It is good to sell on rallies around 1.4700 with SL around 1.4760 for the TP of 1.4600