EUR/CAD broke support zone

EUR/CAD broke support zone

  • EUR/CAD broke support zone
  • Next sell target - 1.5500

 EUR/CAD continues to fall after the earlier breakout of the support zone lying between the pivotal support level 1.5750 (which stopped the previous minor correction (iv) in Match, as can be seen below) and the 38.2% Fibonacci correction of the sharp upward impulse from the end of January. EUR/CAD is expected to fall further toward the next sell target at the next support level 1.5500 (low of wave (iv) from February).

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