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EUR/CAD looking heavy again

FXStreet (Barcelona) - EUR/CAD is trading at 1.4368, down -0.38% on the day, having posted a daily high at 1.4430 and low at 1.4324.

EUR/CAD has turned better offered towards the 1.4320 support level yesterday and has stabilised within 20 pips to the upside of that today. Analysts at TD Securities explained EUR/CAD is looking heavy again. “We still think the rally in the EUR from the October low means that we can still lean towards the tentative view of a rebound developing here but loss of support in the low 1.44s is a short-term blow
at least”.

EUR/CAD noteworthy levels

Spot is presently trading at 1.4368, and next resistance can be seen at 1.4372 (Daily Classic S1), 1.4386 (Yesterday's Low), 1.4394 (Hourly 20 EMA), 1.4423 (Daily Open) and 1.4430 (Daily High). Support below can be found at 1.4350 (Hourly 100 SMA), 1.4333 (Weekly Classic R2), 1.4324 (Daily Low), 1.4321 (Daily Classic S2) and 1.4257 (Daily Classic S3).

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