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buy EURCAD on hourly support holding as Bunds break lower

Viés de alta
Euro / Dólar Canadense (FX:EURCAD)  
forexTrdr Atualizado   
FX:EURCAD   Euro / Dólar Canadense
Trend Analysis Chart Patterns Technical Indicators EURCAD EUR CAD Fibonacci Retracement
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trendanalysis chartpattern indicator eurcad eur cad fibonacciretracement
Buying EURCAD here on hold of hourly support line since we tested Fibonacci support (from start of year high) on 5th of Jan. Even with German govt bonds breaking lower (bund breaking support level since 2016) the hourly support line has so far held. Looking for a move higher to the next Fibonacci resistance level (higher purple highlighted line).

Risk to downside is if growth fears continue (German looking set for recession in 2nd half of year) on EUR taking EURUSD significantly lower again.

Zoom out to see fibonacci levels

Trade ativo:
Take profit 1 hit
Trade fechado manualmente:
target reached as per chart
Aviso legal

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