EURCAD Chart Technical Outlook

EURCAD Chart Technical Outlook dips to 1.4300 to find buyers* EUR/CAD broad bias is bullish. It completed an extended three-wave corrective structure, WXY. Prices bounced higher and broke a swing high from mid-September. I expect more upside price action, but not immediate. There is room to correct lower to 1.4300 for a corrective ABC structure and bounce higher. I prefer buying low rather than trading the possible correction. Resistances: 1.4500, 1.4550 Supports: 1.4350, 1.4300

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