EUR/CAD intraday: the downside prevails as long as 1.4649 is resistance
Our pivot point stands at 1.4649.
Comment:
the RSI is below its neutrality area at 50. The MACD is below its signal line and negative. The configuration is negative. Moreover, the pair is trading under both its 20 and 50 MAs (respectively at 1.4619 and 1.4619).
Alternative scenario:
above 1.4649, look for 1.4700 and 1.4731.
Our preference:
the downside prevails as long as 1.4649 is resistance.
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