EUR/CAD intraday: as long as 1.4989 is support look for 1.5107

Our pivot point is at 1.4989.

Our preference: as long as 1.4989 is support look for 1.5107.

Alternative scenario: below 1.4989, expect 1.4947 and 1.4921.

Comment: the RSI is above its neutrality area at 50. The MACD is positive and below its signal line. The pair could retrace. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 1.5027 and 1.5014).

Supports and resistances:

1.5158 **

1.5132 *

1.5107 **

1.5082

1.5028 last

1.5006

1.4989 **