EUR/CAD broke resistance level 1.5000

EUR/CAD broke resistance level 1.5000

  • EUR/CAD broke resistance level 1.5000
  • Next buy target - 1.5200

EUR/CAD continues to rise after the earlier breakout of the resistance zone lying between the strong round resistance level 1.5000 (which has been reversing the price from the end of June, as can be seen below) and the resistance trendline of the wide daily Triangle from April. The breakout of this resistance zone should accelerate the active impulse wave 3 (of the intermediate impulse wave (3) from July). EUR/CAD is expected to rise to next buy target at the next resistance level 1.5200 (which reversed earlier impulse wave (1))).


Latest news

GBP/USD: pound entered into channel Tenkan-Kijun

Bullish Ichimoku Cloud with horizontal Senkou Span A and B; a golden cross of Tenkan-sen and Kijun-sen with horizontal lines; the market is under strong resistance and prices entered into the channel Tenkan-Kijun.


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