14 Jan 2014
EUR/CAD on the bid setting new highs
FXstreet.com (Guatemala) - EUR/CAD has risen to print further highs, mimicking USD/CAD, printing 1.4978 the high.
EUR/CAD is Strategists at TD Securities explained, that like USDCAD, the bull trend here is well-supported by strong trend momentum. “We have had to revise our thoughts here now and face the risk of an extension up through to the 1.54/1.55 area while 1.4800/25 now strong support holds”.
EUR/CAD Levels
The 20 DMA is 1.4630, the 50 DMA is 1.4435 and the 200 DMA is 1.3870. RSI (14) 74.97. Supports are ascending from 1.4520, 1.4565, 1.4645, 1.4735 and1.4880. Spot is 1.4978 while resistances are 1.5000, 1.5035 and 1.5090.
EUR/CAD is Strategists at TD Securities explained, that like USDCAD, the bull trend here is well-supported by strong trend momentum. “We have had to revise our thoughts here now and face the risk of an extension up through to the 1.54/1.55 area while 1.4800/25 now strong support holds”.
EUR/CAD Levels
The 20 DMA is 1.4630, the 50 DMA is 1.4435 and the 200 DMA is 1.3870. RSI (14) 74.97. Supports are ascending from 1.4520, 1.4565, 1.4645, 1.4735 and1.4880. Spot is 1.4978 while resistances are 1.5000, 1.5035 and 1.5090.