Intraday trend: Bullish
Ichimoku analysis (1 Hour chart):
Tenkan-Sen level: 1.4195
Kijun-Sen level: 1.4168
Ichimoku cloud top: 1.4097
Ichimoku cloud bottom: 1.4114
- EUR/CAD has broken major resistance 1.4200 and it confirms the resumption of bullishness.
- On the upper side break above will target 1.4296/1.43412 in the short term. The pair ‘s major intraday support is around 1.4160 and intraday trend reversal only below that level.
- Any indicative break below would extend loss to 1.4100/1.4060.
Recommendation: Buy EUR/CAD around 1.4210-15, SL 1.4159, Target 1.4296/1.43412.
The material has been provided by InstaForex Company – www.instaforex.com