Currently, the EUR/USD pair is falling, but still within a price channel that is going up. Once price reached 1.14649, it is now stabilizing just below the middle of the up channel.
The market is expected to go up.
If USD/CAD price moves above 1.13239 and below 1.13809, a move upward is possible to 1.14145 and then to 1.14649.
Negative Expectations:
If price slips below 1.13239, it should head toward the support level of 1.12629.
An actual breakdown in the channel may bring prices down even more.
Strategy:
A good position for buyers might be near 1.13239 or 1.12629 while keeping their stops close.
When the price is below 1.12629, sellers may aim for 1.1200.
Key Levels:
Resistance is measured at 1.14145 / 1.14649.
Support at 1.13239 / 1.12629