EURCAD: Bullish Outlook Explained
Last week, EURCAD touched a significant rising trend line on the 4-hour chart.
Despite the market consolidating in a horizontal range for a while, this contact with the trend line propelled the pair upward.
The market then broke and closed above the range's resistance.
I anticipate that the pair will continue to rise, with a target of 1.5123.
Despite the market consolidating in a horizontal range for a while, this contact with the trend line propelled the pair upward.
The market then broke and closed above the range's resistance.
I anticipate that the pair will continue to rise, with a target of 1.5123.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.