EUR/USD 4H chart EUR/USD surged after Powell’s speech on Friday…
EUR/CAD falling inside minor corrective wave (ii)
2019-11-11 • Updated
- EUR/CAD falling inside minor corrective wave (ii)
- Next sell target - 1.4960
EUR/CAD has been falling in the last few trading sessions inside the minor corrective wave (ii), which started earlier from the resistance area lying between the upper daily Bollinger Band and the resistance levels 1.5370 (top of the previous impulse wave 1) and 1.5270. The downward reversal from this resistance area created the daily Japanese candlestick reversal pattern Evening Star. EUR/CAD is expected to fall to the next sell target at the next support level 1.4960.
In the middle of September 2022, the Canadian dollar has fallen to a 2-year low against the USD
The US dollar index has all chances of reaching the 2000s high of 120.00.
The Consumer Price Index announcement by Statistics Canada is set for release in a few hours will reveal the state of inflation in the Canadian economy