EUR/CAD falling inside weekly B-wave

EUR/CAD falling inside weekly B-wave

  • EUR/CAD falling inside weekly B-wave
  • Next sell target - 1.4650

EUR/CAD continues to fall inside the weekly B-wave which started earlier – when the pair reversed down with the weekly Shooting Star from the resistance zone lying between the multi-month resistance level 1.5060 (which stopped the previous B-wave in August, as can be seen below) and the upper weekly Bollinger Band. EUR/CAD is expected to fall further to the next sell target at the next support level 1.4650 (target price for the completion of the active wave B).

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