EURCAD Poised for a Rebound From The Support Zone
EURCAD Poised for a Rebound From The Support Zone
Yesterday, the price broke down from a Head and Shoulders pattern, moving down nearly 100 pips. EURCAD is about to test a strong support zone near 1.4700 - 1.4720.
The support zone and an empty Economic Calendar could provide an advantage for the price to rise again, as shown on the chart.
Targets based on the structure zone are:
🎯 1.4765
🎯 1.4792
🎯 1.4830
You may find more details in the chart!
Thank you and Good Luck!
❤️PS: Please support with a like or comment if you find this analysis useful for your trading day❤️
Yesterday, the price broke down from a Head and Shoulders pattern, moving down nearly 100 pips. EURCAD is about to test a strong support zone near 1.4700 - 1.4720.
The support zone and an empty Economic Calendar could provide an advantage for the price to rise again, as shown on the chart.
Targets based on the structure zone are:
🎯 1.4765
🎯 1.4792
🎯 1.4830
You may find more details in the chart!
Thank you and Good Luck!
❤️PS: Please support with a like or comment if you find this analysis useful for your trading day❤️
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