EURCAD ANALYSIS
EURCAD broke major downtrendline
Bullish wave (a) ended at level 1.4820
then corrective bearish wave (b) rejected from key level corresponding to 61.8% Fibonacci level at 1.4670
Price is based above HVN at level 1.4715 which indicates that pair is in accumulation phase
Above SMA 100
It's expected forming bullish wave (c) to target level 1.4920
Bullish wave (a) ended at level 1.4820
then corrective bearish wave (b) rejected from key level corresponding to 61.8% Fibonacci level at 1.4670
Price is based above HVN at level 1.4715 which indicates that pair is in accumulation phase
Above SMA 100
It's expected forming bullish wave (c) to target level 1.4920
Aviso legal
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