EUR/CAD retreats from higher level, good to buy at dips
EUR/CAD is facing resistance around 1.3750 (triangle pattern) and is struggling to close above that level. In the short term it is expected to reach till 1.3660 and then jump from that level.
On the downside minor support is around 1.3700 and any break below will drag the pair further down till 1.3680/1.3650.
The pair’s minor resistance is at 1.3750 and break above would extend gains till 1.3800/1.3825.
It is good to buy at dips around 1.3700 with SL around 1.3650 for the TP of 1.3805/1.3825.
On the downside minor support is around 1.3700 and any break below will drag the pair further down till 1.3680/1.3650.
The pair’s minor resistance is at 1.3750 and break above would extend gains till 1.3800/1.3825.
It is good to buy at dips around 1.3700 with SL around 1.3650 for the TP of 1.3805/1.3825.