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Eur/cad

Posted on the 11 November 2019 by Merks50

EUR/CAD intraday: the upside prevails as long as 1.4546 is support
Our pivot point is at 1.4546.
Comment:
the RSI is above 50. The MACD is above its signal line and positive. The configuration is positive. Moreover, the pair is trading above both its 20 and 50 MAs (respectively at 1.4579 and 1.4576).
Alternative scenario:
below 1.4546, expect 1.4494 and 1.4463.
Our preference:
the upside prevails as long as 1.4546 is support.