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Eur/cad

Posted on the 22 October 2019 by Merks50

EUR/CAD intraday: rebound towards 1.4682
Our pivot point stands at 1.4548.
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 stands below its 20 and 50 MAs (respectively at 1.4590 and 1.4615).
Alternative scenario:
the downside breakout of 1.4548 would call for 1.4496 and 1.4466.
Our preference:
rebound towards 1.4682.