EUR/CAD Finally Moves Above the 1.5000 Mark

avatar
· 閱讀量 99

#OPINIONLEADER#

EUR/CAD Finally Moves Above the 1.5000 Mark

ByLCMS Traders FX Analysis Team

 SEP 8, 2021

EUR/CAD Daily Forecast

EUR/CAD has finally climbed above the 1.5000 mark and is currently trading at 1.5019. The intraday support levels are at 1.4971 and 1.4958. The near-term resistance areas are at 1.5044 and 1.5069.

Although the technical indicators are presenting a bullish picture the pair is heading towards a potential double top and bulls need to build a further higher momentum to move forward. The SMA-14 support line is at 1.4897 and the SMA-50 is indicating support at 1.48225. The mid-Bollinger band is at 1.4869 while the upper and lower bands are at 1.5032 and 1.4705 respectively. The RSI is at 51 and has an upwards curve while the MACD also favors the bears. Following the intraday price pattern, the pair is ideal for buying entries on small dips using the following levels.

Direction: Buy

Entry: 1.5000

Take Profit: 1.5055

Stop-Loss: 1.4968

 

EUR/CAD Finally Moves Above the 1.5000 Mark

風險提示:本文所述僅代表作者個人觀點,不代表 Followme 的官方立場。Followme 不對內容的準確性、完整性或可靠性作出任何保證,對於基於該內容所採取的任何行為,不承擔任何責任,除非另有書面明確說明。

喜歡的話,讚賞支持一下
回覆 0
暫無留言。 來發表第一則觀點吧。

  • tradingContest