It's likely that the pair is going to test the next support at 1.2994 - 1.2977. A pullback from this area could be a departure point for...
EUR/CAD broke support zone
- EUR/CAD broke support zone
- Next sell target - 1.4720
EUR/CAD continues to fall after the earlier breakout of the support zone lying between the support level 1.4960 (which reversed the previous minor corrective wave (a) at the start of December, as can be seen below) and 38.2% Fibonacci correction of the previous upward impulse from September. The breakout of this support zone accelerated the c-wave of the active minor ABC correction 2 November. EUR/CAD is expected to fall to the next sell target at the next support level 1.4720 (target price for the completion of wave 2).
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…