Eur/cad

EUR/CAD intraday: below its lower Bollinger band
Our pivot point stands at 1.4549.
Comment:
the RSI is above 50. The MACD is below its signal line and positive. The pair could retrace. Moreover, the pair is trading under its 20 MA (1.4603) but above its 50 MA (1.4547). Finally, the EUR/CAD has penetrated its lower Bollinger band (1.4590).
Alternative scenario:
the downside breakout of 1.4549 would call for 1.4497 and 1.4467.
Our preference:
as long as 1.4549 is support look for 1.4687.