EUR/CAD: Choppy price action may get bullish soon
|EUR/CAD produced two spinning tops on the daily chart consecutively. Today's price action on the H1 chart has been choppy. The price after having the last bounce gathered some bullish momentum and headed towards the North where the price started its trading day. If the price keeps going towards the upside and makes a bullish breakout at yesterday's highest high, the buyers may go long on the pair to grab some green pips.
Chart 1 EUR/CAD H1 Chart
The chart shows that the price had a bounce at the level of 1.44940 and headed towards the North. If the price remains bullish and makes a breakout at the level of 1.45370, the price may head towards the level of 1.45870 with good bullish momentum. It may go up to the level of the last swing high, which is the level of 1.46420.
Trade Summary:
Entry: Buy above 1.45370
Stop Loss: Below 1.44940
Take Profit 1: 1.45870
Take Profit 2: 1.46085
Take Profit 3: 1.46420
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