EUR/CAD: 400 pip range on the daily chart

The Euro versus the Canadian Dollar has been oscillating between the 1.3400 level and the 1.3800 level, but we can also see on the daily chart that the price has been doing higher lows and higher highs, showing us a small bullish trend. The 1.3800 level has been a good resistance for the pair and a little bit above that level we have the 200 day exponential moving average, which could also act as resistance. To the downside we don’t have clear entries until we get a breakdown of the 1.3400 level.