EUR/CAD reversed from key resistance level 1.5200

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.



Morning brief for May 30

 Growing concerns over Greek bailout, early elections in Italy and comments by the ECB President Mario Draghi about the need to maintain the bank’s extraordinary amount of monetary policy support…

promotions you can be interested in

Deposit with your local payment systems


A manager will call you shortly.

Change number

Your request is accepted.

A manager will call you shortly.

Internal error. Please try again later

Beginner Forex book

The most important things to start trading
Enter your e-mail, and we will send you a free Beginner Forex book

Thank you!

We've emailed a special link to your e-mail.
Click the link to confirm your address and get Beginner Forex book for free.

You are using an older version of your browser.

Update it to the latest version or try another one for a safer, more comfortable and productive trading experience.

Safari Chrome Firefox Opera