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

We will be happy to hear your thoughts

      Leave a reply

      error: Content is protected !!
      Compare items
      • Total (0)