EUR Trading Outlook (20-04-2016)

USD/CAD Intraday: key resistance at 1.2725

Pivot: 1.2725

Our preference: short positions below 1.2725 with targets @ 1.2625 & 1.2575 in extension.

Alternative scenario: above 1.2725 look for further upside with 1.2780 & 1.2825 as targets.

Comment: the upward potential is likely to be limited by the resistance at 1.2725.

Supports and resistances:
1.2825
1.2780
1.2725
1.2700 Last
1.2625
1.2575
1.2505

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