EUR/CAD intraday: the upside prevails as long as 1.4586 is support
Our pivot point stands at 1.4586.
Comment:
the RSI is above 50. The MACD is positive and above its signal line. The configuration is positive. Moreover, the pair is trading above both its 20 and 50 MAs (respectively at 1.4625 and 1.4624).
Alternative scenario:
the downside breakout of 1.4586 would call for 1.4534 and 1.4503.
Our preference:
the upside prevails as long as 1.4586 is support.
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