- EUR/CAD is negotiated near the 1,5800 zone after moderate performance during Tuesday’s session.
- The pair maintains a bullish bias, backed by strong mobile socks despite some mixed impulse signals.
- Support and resistance levels remain grouped around the 1,5780 area, offering close technical orientation.
The Eur/Cad was negotiating around the 1,5800 area after the European session on Tuesday, showing little movement in the day after a slight fall. Despite the light decline, the general technical configuration remains bullish. The indicators offer a mixed image: the relative force index (RSI) maintains a neutral posture around 57, the MACD is giving a sales signal, while the percentage range of Williams and the average directional index (ADX) also inclined towards the neutral. Even so, the strong support of key mobile socks maintains intact the broader bullish trend.
Deepening, the simple mobile average (SMA) of 20 days about 1,5698, together with the 100 -day SMA in 1,5203 and the 200 -day SMA in 1,5089, continue to point towards a purchase inclination, reinforcing the underlying strength of the euro in front of the Canadian dollar (CAD). The short -term impulse is also supported by the 10 -day exponential mobile average (EMA) around 1,5760 and the 10 -day SMA in 1,5781, both indicating a sustained bullish pressure.
However, the indicators Impulse urge some caution. The RSI in 57 suggests that there are no strong over -sales conditions or overalls, while the MACD indicates some short -term sales pressure. The percentage range of Williams, which remains close to -31, and the ADX around 38, both reflect a neutral to moderate trend.
The support for the EUR/CAD is found in 1,5780, 1,5764 and 1,5760, levels that could cushion any additional setback. On the positive side, the operators will be attentive to a possible resistance closer to the area of 1,5810, where the action of the previous price limited the profits during Tuesday’s movements. In general, although there is a certain obvious intradic hesitation, the broader structure favors a continuous strength for the euro unless the key supports are broken decisively.
Daily graph
Source: Fx Street
I am Joshua Winder, a senior-level journalist and editor at World Stock Market. I specialize in covering news related to the stock market and economic trends. With more than 8 years of experience in this field, I have become an expert in financial reporting.
