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EUR/CAD stalling?

FXstreet.com (London) – EUR/CAD‘s pop higher above 1.42 seems to have stalled ahead of the 1.43 handle.

A research team at TD Securities explained that the intraday patterns of trade look soft, with the 6-hour charts suggesting a minor high is in for the session. “That may see the market gravitate towards the mid/upper 1.41 area in the next few days where the 40-day MA currently resides (1.4167)”. They suggested to look for more, choppy range trade for now.

EUR/CAD Levels

The 20 DMA is 1.4150, the 50 DMA is 1.4060 and the 200 DMA is 1.3635. RSI (14) 52.72. Supports …read more