Of observations by the method of technical analysis I have seen of the currency pairs Eur/Cad and indicators that I use is the Bollinger Bands and fibbo.
It is seen that the position of the forex market are on point 1.3994 and there is support and resistance on the
- R3 : 1.4064
- R2 : 1.4064
- R1 : 1.3957
- Pivots : 1.3957
- S1 : 1.385
- S2 : 1.385
- S3 : 1.3743
then I highly recommend you to open position SELL with
Take Profit is equal to 1.3964 as well as Stop Loss at point 1.4024
so that the target pips for today I think is at 60 pips