EUR/CAD may rise 66 - 84 pips

1.5156 is our pivot point.

Our preference

As long as 1.5156 is support look for 1.5267.

Alternative scenario

The downside breakout of 1.5156 would call for 1.5126 and 1.5108.

Comment

The RSI is above its neutrality area at 50. The MACD is positive and below its signal line. The pair could retrace. Moreover, the price is above its 20 and 50 period moving average (respectively at 1.5155 and 1.5107).

Supports and resistances

1.5303 **

1.5285 *

1.5267 **

1.5249

1.5183 last

1.5168

1.5156 **

1.5126 *

1.5108 **

Number of asterisks represents the strength of support and resistance levels.