EUR/CAD broke support area

EUR/CAD broke support area

2019-11-11 • Updated

  • EUR/CAD broke support area
  • Next sell target - 1.4540

EUR/CAD today broke below the support area lying between the support level 1.4750 (which stopped the previous sharp minor impulse wave 1 in the middle of June, as can be seen below) and the 38.2% Fibonacci correction of the upward intermediate ABC correction (2) from February. EUR/CAD is expected to fall to the next sell target at the next support level 1.4540 (former resistance level from March, intersecting with the 50% of the aforementioned ABC correction (2)). Expect the pair to correct up after reaching this target.

Similar

EUR/USD Hit All Targets
EUR/USD Hit All Targets

4H Chart  Daily Chart  EURUSD managed to rise further on Friday inline with our expectations, reaching our entire targets mentioned in our previous notes at 1…

Latest news

WTT: Currency Pairs To Trade In April
WTT: Currency Pairs To Trade In April

Hello again my friends, it’s time for another episode of “What to Trade,” this time, for the month of April. As usual, I present to you some of my most anticipated trade ideas for the month of April, according to my technical analysis style. I therefore encourage you to do your due diligence, as always, and manage your risks appropriately.

Deposit with your local payment systems

Data collection notice

FBS maintains a record of your data to run this website. By pressing the “Accept” button, you agree to our Privacy policy.

Callback

A manager will call you shortly.

Change number

Your request is accepted.

A manager will call you shortly.

Next callback request for this phone number
will be available in

If you have an urgent issue please contact us via
Live chat

Internal error. Please try again later

Don’t waste your time – keep track of how NFP affects the US dollar and profit!

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