EUR/CAD - Market Update - Will the 90 Day consolidation end this
EUR/CAD - Market Update - Will the 90 Day consolidation end this week?
We've seen for the past 90 days that price has been ranging between 1.47500 - 1.52500. We've seen a few break-outs here and there but we have managed to break thing range/consolidation.
If we manage to break 1.52500 we could potentially see price reach 1.54000. However; we do have a -Critical- area we have to pay attention to.
Resistance of 1.52500 aligns with a 78.60% Major Fibonacci area. If we see a -Bearish- candle close. We could potentially see this pair maintain it's consolidation and make it's way back down to 1.5000 (1st Target) - 1.47500 (2nd Target)
We've seen for the past 90 days that price has been ranging between 1.47500 - 1.52500. We've seen a few break-outs here and there but we have managed to break thing range/consolidation.
If we manage to break 1.52500 we could potentially see price reach 1.54000. However; we do have a -Critical- area we have to pay attention to.
Resistance of 1.52500 aligns with a 78.60% Major Fibonacci area. If we see a -Bearish- candle close. We could potentially see this pair maintain it's consolidation and make it's way back down to 1.5000 (1st Target) - 1.47500 (2nd Target)
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.