EURCAD faces strong support around 1.398,good to buy at declines
EUR/CAD declined till 1.39838 after making a high of 1.4250. Overall trend is bullish as long as support 1.3980 holds.
On the downside any break below will take the pair to next target 1.3960/1.3900 level.
Extreme weakness can be seen below 1.3900.
The pair’s short term resistance is around 1.4076 and any break below will extend gains till 1.4130/1.4250 in short term.
It is good to buy at dips around 1.4040 with SL around 1.3980, TP of 1.4240.
On the downside any break below will take the pair to next target 1.3960/1.3900 level.
Extreme weakness can be seen below 1.3900.
The pair’s short term resistance is around 1.4076 and any break below will extend gains till 1.4130/1.4250 in short term.
It is good to buy at dips around 1.4040 with SL around 1.3980, TP of 1.4240.