BoC’s statement, the loonie is trading lower against the euro. Developments in Greece turned sentiments on the euro to positive. The cross managed to close above 50& 20Dsma at yesterday’s session.
At yesterday’s session, we recommend buying above 1.3540 with targets at 1.3560,
1.3580, and 1.3600. The cross made a high at 1.3603. At today’s Asian session, the
cross managed to hold the 20Dsma trading at1.3592
compared to Wednesday’s closing of 1.3576. Intraday support is found at 1.3565, 1.3560,
and 1.3540. For an intraday session, we recommend fresh buying above 1.3605 with targets at 1.3640 and 1.3660. Bulls are likely to regaine control above 1.3675 towards 1.3700 and 1.3730.
The material has been provided by InstaForex Company – www.instaforex.com