GBP/NZD reversed from support zone Next buy targets - 1…
EUR/CAD reversed from support zone
- EUR/CAD reversed from support zone
- Next buy target - 1.5700
EUR/CAD continues to rise after the earlier upward reversal from the key support level 1.5370 (upper boundary of the former resistance zone which has been reversing the price from November). The upward reversal from the support level started the active minor impulse wave (iii) – which belongs to the sharp impulse wave 3 from January. EUR/CAD is expected to rise toward the next buy target at the next resistance level 1.5700 (target price for the completion of the active impulse 3).
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…