EUR/GBP broke key resistance level 0…
EUR/CAD broke resistance level 1.5660
- EUR/CAD broke resistance level 1.5660
- Next buy target 1.6000
EUR/CAD continues to rise after the earlier breakout of the resistance level 1.5660 (which stopped the previous minor impulse wave 3 in February, as can be seen from the daily EUR/CAD chart below). The breakout of the resistance level 1.5660 coincided with the breakout of the resistance trendline of the wide daily up channel from last September. EUR/CAD is expected to rise further toward the next buy target at the next resistance level 1.6000.
Narrowing bearish Ichimoku Cloud with rising Senkou Span A; a dead cross of Tenkan-sen and Kijun-sen, but rising Tenkan-sen; the bulls could breakout the Kijun’s resistance.
GBP/JPY broke support level 141…
Recommendation: BUY 0,9765 SL 0,971 TP1 0,985 TP2 0,9895…