Eurcadlong
EURCAD at a key level of supportLooking at the weekly timeframe we see after pushing to the upside and closing back above 1.5060, EURCAD has been holding at this zone for weeks.
Last week EURCAD had a strong bullish rally back up to 1.538 before falling back down to 1.5060. If structure can hold at this zone we can look for price to push back to the upside, retesting the 1.5532 zone.
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EURCAD approaching ascending support line | 26 May 2020Price is approaching our ascending support line in line with our 100% extension and 78.6% fibonacci retracement where we could see a bounce above this level. Attached is the written version, do check that out and let us know what you would like to see next!