Since end of March 2017, 1.45000 price level has become and important key level as there was a shift from resistance to become support line. Another important level is 1.50000 because it is a round number and again, an important resistance level. For the past 2.5 months, EURCAD has been ranging in these 2 important level.
Price is now nearing support level, and I believe it may still go down slightly before giving a sign of a reversal. If price can indicates a reversal near 1.45400 level, then it will be good entry for a long trade, since 1.45400 was a resistance line at 28th of March (shown by blue arrow). Partial profit can be taken at 1.48000 with the rest of the quantity, I believe can roam even further to 1.5000 price level. Stop loss will be when price managed to reach 1.44300 price level.
Price is now nearing support level, and I believe it may still go down slightly before giving a sign of a reversal. If price can indicates a reversal near 1.45400 level, then it will be good entry for a long trade, since 1.45400 was a resistance line at 28th of March (shown by blue arrow). Partial profit can be taken at 1.48000 with the rest of the quantity, I believe can roam even further to 1.5000 price level. Stop loss will be when price managed to reach 1.44300 price level.