EUR/CAD may rise 25 - 37 pips

1.4861 is our pivot point.

Our preference

As long as 1.4861 is support look for 1.4921.

Alternative scenario

The downside breakout of 1.4861 would call for 1.4841 and 1.4829.

Comment

The RSI is above 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 1.4876 and 1.4847).

Supports and resistances

1.4945 **

1.4933 *

1.4921 **

1.4909

1.4884 last

1.4869

1.4861 **

1.4841 *

1.4829 **

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