EUR/CAD reversed from key support level 1.5710

EUR/CAD reversed from key support level 1.5710

  • EUR/CAD reversed from key support level 1.5710
  • Next buy target - 1.6120

 

EUR/CAD continues to rise after the earlier upward reversal from the key support level 1.5710 (former resistance level which reversed the earlier minor impulse wave 3 in February, as can be seen from the daily EUR/CAD chart below). The upward reversal form this support area stopped the previous minor corrective wave (ii) from the start of March. EUR/CAD is expected to rise toward the next buy target at next resistance level 1.6120 (top of the impulse (i)).

Similar

Latest news

GBP/USD: confirmed "Thorn" pattern

The last "Pennant" pattern has been broken, so bulls found resistance at 1.2915. Nevertheless, the market is likely going to move on, so we should...

gbp

Deposit with your local payment systems

Callback

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