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Eur/cad

Posted on the 30 October 2019 by Merks50

EUR/CAD intraday: as long as 1.4502 is support look for 1.4636
Our pivot point is at 1.4502.
Comment:
the RSI is above 50. The MACD is positive and below its signal line. The pair could retrace. Moreover, the pair is trading under its 20 MA (1.4544) but above its 50 MA (1.4516).
Alternative scenario:
the downside breakout of 1.4502 would call for 1.4451 and 1.4420.
Our preference:
as long as 1.4502 is support look for 1.4636.