- EUR/CAD trades a slight slip near the 1,5600 zone after Tuesday's post -European session.
- Bullish prejudices remain in longer timelines, despite short -term indicators that show weakness.
- The support applies just below, while the dynamic resistance of the short -term medium is persistent.
EUR/CAD pair at the edge on Tuesday, floating after the European session near the 1,5600 region, when a couple of days retreated. Although the step reflects a slight sales pressure, the wider trend structure is still favorable to buyers, especially when viewed through long -term medium -sized lenses. Short -term signals remain confusing, keeping a targeted belief at the moment.
The momentum suggests little clarity. The relative strength index is neutral near 48 levels, reflecting balance and sales pressure balance. The moving average approach prints the sales signal, suggesting softness in the near future, while both an awesome oscillator and an average direction index remain neutral, indicating consolidation, not the exhaustion of trends.
Bullish tilting is mainly supported by higher periods. The 50-day exponential and simple moving average are both sitting down the market and continuing the slope upwards, combining the strong positioning of the 100-day and 200-day SMA. Despite the short-term hesitation, these long-term indicators create a technical basis for 20-day SMA points lower and may act as a dynamic resistance in the near future.
The key support is 1,5593, 1,5570 and 1,5534. The obstacle is 1,5633, 1,5645 and 1,5671. Above this bar of resistance, bullish can be re -confirmed, while the support below would focus on average trends.
Daily chart
