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Eur/cad

Posted on the 21 October 2019 by Merks50

EUR/CAD intraday: as long as 1.4613 is support look for 1.4748
Our pivot point is at 1.4613.
Comment:
the RSI is above its neutrality area at 50. The MACD is positive and below its signal line. The pair could retrace. Moreover, the pair is above its 20 and 50 MAs (respectively at 1.4654 and 1.4643).
Alternative scenario:
the downside breakout of 1.4613 would call for 1.4562 and 1.4531.
Our preference:
as long as 1.4613 is support look for 1.4748.