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$EURCAD Trade idea for 27JUN2015 - hourly chart
As previously published for the daily chart, that 1.3702 level is of high interest. A drop below 1.3726 would satisfy a 38.2% retracement from the latest move up. Below (1.3702) potential support could come in at 1.3667, if not, then 1.3591 is of interest as a confluence of the 50% Fib and the (blue) ML. Further below the confluence of a former ML, the 61.8% retracement (1.3457) and daily retracements at 1.3428 are of particular interest.
In short, go long at 1.3705 with a SL of 1.3660 or go short at a ZRT of the lower parallel (1.3720's probably).
In short, go long at 1.3705 with a SL of 1.3660 or go short at a ZRT of the lower parallel (1.3720's probably).
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