Thread: Eur/Cad
EURCAD is moving between the support and resistance level now and I think the next direction still difficult to predict. So, the breakout movement may occurs on this pair today.
If EURCAD can break 1.2607 resistance level, this pair may goes up to the next resistance level at 1.2667.
But if EURCAD can break 1.2539 support level, this pair may decline to the next support level at 1.2473
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As shown In H4 chart , the price tested the shown bullish trend and reversed it's direction into bullish one , so i expect the price to continue again in bullish direction in the next few hours and i suggest selling near the resistance level @0% fibonacci ,
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i think that EURCAD will retest the support level on the daily chart @23.6% then i suggest buying this pair after reaching the support level as i predict that this pair will move upward after reaching the support level.
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Though trading on financial markets involves high risk, it can still generate extra income in case you apply the right approach. By choosing a reliable broker such as InstaForex you get access to the international financial markets and open your way towards financial independence. You can sign up here.
EUR / CAD trade, which last week played very favorably with our range long break to hit our target levels. Euro relief rally over the past few sessions disadvantage is the ideal entry point for more scalps
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EUR / CAD on the daily frame close to Aaglaq a small bullish candle but we close above 38 fib levels are at 1.2448 to make sure of the Ascension
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The currency pair EUR / CAD see that formed divergence pushed to the top and a pair of prices have come to a very important resistance level 1.2470, which, I think, and will determine whether to continue the trend, or the pair may be in a new corridor 1.2470 - 1.2725. ...
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this pair has rejected from resistance level yesterday and falling deep enough today,from that i think bearish trend is still standing for today and that will lead this pair goes to level 1.2308
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i think that we should buy EURCAD as we have a support level on the daily chart @23.6% so i predict that this pair will move upward on the short term out target point will be @38.2%.
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the most likely scenario
the pair can move up to test the 1st resistance on 1.2300
alternative scenario
the pair can move down to test the 1st support on 1.2260
---------- Post added at 05:47 PM ---------- Previous post was at 12:08 AM ----------
the most likely scenario
the pair can move up to test the 1st resistance on 1.2350
alternative scenario
the pair can move down to test the 1st support on 1.2300
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