EUR/CAD intraday: as long as 1.5012 is support look for 1.5123

Our pivot point is at 1.5012.

Our preference: as long as 1.5012 is support look for 1.5123.

Alternative scenario: the downside breakout of 1.5012 would call for 1.4972 and 1.4948.

Comment: the RSI is above its neutrality area at 50. The MACD is positive and below its signal line. The pair could retrace. Moreover, the price is above its 20 and 50 period moving average (respectively at 1.5043 and 1.5027).

Supports and resistances:

1.5171 **

1.5147 *

1.5123 **

1.5099

1.5051 last

1.5027

1.5012 **