EUR/CAD intraday: the downside prevails as long as 1.4515 is resistance
Our pivot point is at 1.4515.
Comment:
the RSI is below its neutrality area at 50. The MACD is negative and below its signal line. The configuration is negative. Moreover, the pair is trading under both its 20 and 50 MAs (respectively at 1.4481 and 1.4487).
Alternative scenario:
above 1.4515, look for 1.4566 and 1.4597.
Our preference:
the downside prevails as long as 1.4515 is resistance.
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