EUR/CAD reversed from support zone

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).


DAX buscando nuevos altos por encima de 12,500

El DAX ha estado favorecido por los toros en el corto plazo, tras una recuperación vivida desde los bajos del 13 de Marzo, en donde hubo una aproximación al nivel Fibonacci de 50% en 12099…



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…

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