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Eur/cad

Posted on the 29 October 2019 by Merks50

EUR/CAD intraday: the downside prevails as long as 1.4526 is resistance
Our pivot point is at 1.4526.
Comment:
the RSI is below 50. The MACD is below its signal line and negative. The configuration is negative. Moreover, the pair is trading under both its 20 and 50 MAs (respectively at 1.4489 and 1.4490).
Alternative scenario:
above 1.4526, look for 1.4577 and 1.4608.
Our preference:
the downside prevails as long as 1.4526 is resistance.