EURCAD: Important Decision Ahead 🇪🇺🇨🇦
EURCAD remains very weak for more than 2 weeks:
the pair is trading in a narrow horizontal range on a daily.
Depending on the reaction of the price to the boundaries of the range,
I see 2 potential scenarios.
Bullish:
If the price breaks and closes above the upper boundary of the range - 1.4653 level,
I will expect a bullish movement to 1.4725.
Bearish
If the price violates the support of the range - 1.4486 and closes below that,
a bearish continuation will be anticipated to 1.441.
Wait for a breakout, that will show us the future direction of the market.
❤️Please, support my work with like, thank you!❤️
✅Join My Telegram Channel: t.me/VasilyTrading
❗️YouTube Channel youtube.com/c/VasilyTrader
💰Instagram: instagram.com/VasilyTrader/ 💰
✅Facebook: facebook.com/VasilyTrading/ ✅
❗️YouTube Channel youtube.com/c/VasilyTrader
💰Instagram: instagram.com/VasilyTrader/ 💰
✅Facebook: facebook.com/VasilyTrading/ ✅
Related publications
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.