EUR/CAD intraday: under pressure below 1.4699
Our pivot point stands at 1.4699.
Comment:
the RSI is below its neutrality area at 50. The MACD is positive and below its signal line. The MACD must penetrate its zero line to expect further downside. Moreover, the pair stands below its 20 and 50 MAs (respectively at 1.4666 and 1.4662).
Alternative scenario:
above 1.4699, look for 1.4751 and 1.4782.
Our preference:
under pressure below 1.4699.
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