EUR/CAD intraday BUY
Our pivot point is at 1.4333.
Our preference:
rebound towards 1.4404.
Alternative scenario:
below 1.4333, expect 1.4308 and 1.4292.
Comment:
the RSI is below its neutrality area at 50. The MACD is above its signal line and negative. The configuration is mixed. Moreover, the pair is trading under both its 20 and 50 MAs (respectively at 1.4366 and 1.4381).
Our preference:
rebound towards 1.4404.
Alternative scenario:
below 1.4333, expect 1.4308 and 1.4292.
Comment:
the RSI is below its neutrality area at 50. The MACD is above its signal line and negative. The configuration is mixed. Moreover, the pair is trading under both its 20 and 50 MAs (respectively at 1.4366 and 1.4381).
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