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Eur/cad

Posted on the 07 November 2019 by Merks50

EUR/CAD intraday: under pressure below 1.4634
Our pivot point is at 1.4634.
Comment:
the RSI is below 50. The MACD is positive and below its signal line. The MACD must penetrate its zero line to expect further downside. Moreover, the pair stands below its 20 and 50 MAs (respectively at 1.4594 and 1.4593).
Alternative scenario:
above 1.4634, look for 1.4685 and 1.4716.
Our preference:
under pressure below 1.4634.