EUR/CAD broke key resistance level 1.5200

EUR/CAD broke key resistance level 1.5200

  • EUR/CAD broke key resistance level 1.5200
  • Next buy target - 1.5500

EUR/CAD recently broke sharply through the key resistance level 1.5200 (which stopped the previous intermediate impulse wave (1) in the middle of May, as can be seen below). The breakout of the resistance level 1.5200 accelerated the active minor impulse wave (iii) - which belongs to the impulse (3) from the start of September. EUR/CAD is expected to rise toward the next buy target at the next resistance level 1.5500 (forecast price for the completion of wave (iii)).


Latest news

GBP/USD: confirmed "Thorn" pattern

The last "Pennant" pattern has been broken, so bulls found resistance at 1.2915. Nevertheless, the market is likely going to move on, so we should...


Deposit with your local payment systems


A manager will call you shortly.

Change number

Your request is accepted.

A manager will call you shortly.

Internal error. Please try again later

Beginner Forex book

The most important things to start trading
Enter your e-mail, and we will send you a free Beginner Forex book

Thank you!

We've emailed a special link to your e-mail.
Click the link to confirm your address and get Beginner Forex book for free.

You are using an older version of your browser.

Update it to the latest version or try another one for a safer, more comfortable and productive trading experience.

Safari Chrome Firefox Opera