It's likely that the price is going to reach the nearest resistance at 1.2851 - 1.2877. This area could be a departure point for a decline...
EUR/CAD reversed from key resistance level 1.5200
- EUR/CAD reversed from key resistance level 1.5200
- Next sell target - 1.5000
EUR/CAD recently reversed down from the key resistance level 1.5200 (which also stopped the previous primary ABC correction ② in November, as can be seen from the daily EUR/CAD chart below). The resistance zone near the resistance level 1.5200 is strengthened by the upper daily Bollinger Band. Given the strength of the resistance level 1.5200 and the clear bearish divergence on the daily Stochastic indicator - EUR/CAD is expected to fall to the next sell target at the round support level 1.5000.
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…