EURCAD faces strong support around 1.398,good to buy at declines

FX:EURCAD   Euro / Canadian Dollar
222 0 10
EUR/CAD declined till 1.39838 after making a high of 1.4250. Overall trend is bullish as long as support 1.3980 holds.

On the downside any break below will take the pair to next target 1.3960/1.3900 level.

Extreme weakness can be seen below 1.3900.

The pair’s short term resistance is around 1.4076 and any break below will extend gains till 1.4130/1.4250 in short term.

It is good to buy at dips around 1.4040 with SL around 1.3980, TP of 1.4240.
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