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Eur/cad

Posted on the 17 October 2019 by Merks50
EUR/CAD intraday: as long as 1.4584 is support look for 1.4717
Our pivot point is at 1.4584.
Comment:
the RSI is above its neutrality area at 50. The MACD is below its signal line and positive. The pair could retrace. Moreover, the pair is trading above both its 20 and 50 MAs (respectively at 1.4621 and 1.4601).
Alternative scenario:
the downside breakout of 1.4584 would call for 1.4532 and 1.4501.
Our preference:
as long as 1.4584 is support look for 1.4717.

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