EUR/CAD currency pair analysis

The currency pair is trading in the range of circular important level 1.3120. Awesome Oscillator indicator has bullish divergence, and Stochastic Oscillator indicator signals oversold. Breaking through the circular secondary level of 1.3120 will form an ascending wave structure.

Trading idea:

Buy on a breakout of 1.3120.

Stop-loss: 1.3080.

Target levels: 1.3150; 1.3200.