EURCAD H1 Bullish Sentiment Towards Big Figure 1.51 & 1.52
Updated
EURCAD after the BOC statement , took a nose dive towards 1.5 , rejected at 1.5 and 200 DMA, tried to make another push and broke the 200DMA however buyers came in fast at 1.5 again at the late yesterday session and once again rejected mildly at 1.5 .
Today Asia session tried another mild push down, but once again rejected at 1.5 at the price which is higher then yesterday low. The price was able to broke through up the 200DMA strongly.
Hence the sentiment for short term is bullish. The resistance would be at 1.51 area which is also yesterday's high area.
Piercing through this area, the next target would be 1.52 area, this week's high.
Today Asia session tried another mild push down, but once again rejected at 1.5 at the price which is higher then yesterday low. The price was able to broke through up the 200DMA strongly.
Hence the sentiment for short term is bullish. The resistance would be at 1.51 area which is also yesterday's high area.
Piercing through this area, the next target would be 1.52 area, this week's high.
Trade active
-Price tested 1.51 but failed to break, failed to cleared the Big Fig 1.51 area.-Yesterday's high = 1.1.51018 with no significant wicks of rejection (on H1), also few pips higher than Thursday's high 1.50873.
-Price is still above MA (on H1)
Daily Candle bias : Bullish
-Price held by daily EMA50
Overall bias not change: Short term Bullish
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