EUR/CAD Bullish or Bearish?
🔸DAILY CHART EXPLANATION:
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🔸Price has been on a corrective move for the last weeks without clear direction on this timeframe.
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🔸We are waiting for a confirmation here. In case of a bullish breakout of the Descending Trendline, we consider that there is potential for an upside move towards the Resistance Zone.
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🔸In case of a breakout of the Support Zone, the potential downside move could reach the Support Zone.
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🔸 Will look for a lower timeframe setup when the direction is clear.
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🔸Price has been on a corrective move for the last weeks without clear direction on this timeframe.
.
🔸We are waiting for a confirmation here. In case of a bullish breakout of the Descending Trendline, we consider that there is potential for an upside move towards the Resistance Zone.
.
🔸In case of a breakout of the Support Zone, the potential downside move could reach the Support Zone.
.
🔸 Will look for a lower timeframe setup when the direction is clear.
Aviso legal
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