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Eur/cad

Posted on the 18 October 2019 by Merks50

EUR/CAD intraday: rebound towards 1.4709
Our pivot point is at 1.4574.
Comment:
the RSI is below its neutrality area at 50. The MACD is above its signal line and negative. The configuration is mixed. Moreover, the pair is trading under both its 20 and 50 MAs (respectively at 1.4616 and 1.4621).
Alternative scenario:
the downside breakout of 1.4574 would call for 1.4522 and 1.4491.
Our preference:
rebound towards 1.4709.