EUR/CAD
EUR/CAD is bullish indeed, but it also reached a serious level of resistance at 1.5140, so we might see some retracement before the pair continues rising.
dianajs:
EUR/CAD is bullish indeed, but it also reached a serious level of resistance at 1.5140, so we might see some retracement before the pair continues rising.
EUR/CAD is bullish indeed, but it also reached a serious level of resistance at 1.5140, so we might see some retracement before the pair continues rising.
Yes as a Trader we have to see what is the general trends present in the markets so that we are able to take full advantage of them in our trading and that alone will make us successful in the EURCAD 
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The primary trend of EUR/CAD is bullish on charts and price is sustaining above trend line after giving breakout in in its daily chart. In daily chart the price is sustaining above 200 day SMA and taking support of 50 day SMA indicating uptrend of the pair.
Resistance level of 1.5190 and Support level of 1.4750
If it breaks its resistance level on the upside and sustains above it then we can expect it to show further bullish movement in the pair.
INDICATORS:-
RSI is sustaining in its buying zone indicating the upcoming bullish trend in the pair.
STRATEGY: One can go for buy on lower level strategy for this pair for intra day to mid term positions in it.