- EUR/CAD is trading near the 1.5800 area after a silent performance during Tuesday’s session.
- The husband maintains an upward bias, with the support of strong averages, despite some mixed momentum signals.
- Support and resistance levels remain gathered around the 1.5780 region, providing close technical guidance.
The EUR/CAD pair was seen circulating around the 1.5800 region after the European session on Tuesday, which indicates a little movement the day after a slight decline. Despite the simple decrease, the total technical preparation remains bullish. Mixed photo indicators: RSI has a neutral stand about 57 years, which is the average moving rapprochement (MACD) sales signal, while the Williams range and the average trend index (ADX) are also neutral. However, strong support from the main moving averages keeps the broader upward trend intact.
Due to the deeper, the simple moving average for 20 days (SMA) near 1.5698, along with SMA for 100 days at 1.5203 and SMA for 200 days at 1.5089, continues to indicate bias in purchase, which enhances the euros of the euro against Canadian dollar (CAD). The momentum in the short term is more supported by the SIA moving average for 10 days (EMA) around 1.5760 and SMA for 10 days at 1.5781, both of which indicate continuous oud pressure.
However, momentum Indicators Urging some caution. In 57 RSI suggests strong or excessive conditions, while MACD refers to some of the near -sales pressure. The Williams Perced, which hovers near -31 and ADX reflects about 38, both of which are neutral to moderate.
EUR/CAD’s support lies at 1.5780, 1.5764 and 1.5760, levels that can put any additional decline. In the upward trend, traders will look forward to possible resistance closer to the 1.5810 region, where the procedures are determined earlier through the movements on Tuesday. In general, while some frequency during the day is clear, the broader structure prefers the continuous strength of the euro unless the main support is decisively broken.
Daily chart
