EUR/CAD intraday: the upside prevails as long as 1.4498 is support

Our pivot point is at 1.4498.

the RSI is above its neutrality area at 50. The MACD is above its signal line and positive. The configuration is positive. Moreover, the pair is trading above both its 20 and 50 MAs (respectively at 1.4529 and 1.4513).

Alternative scenario:
the downside breakout of 1.4498 would call for 1.4446 and 1.4416.

Our preference:
the upside prevails as long as 1.4498 is support.

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