EURCAD is on a crucial point. It hit the bottom of the horizontal channel in which it is moving for some time now. If the bottom of the channel holds and provide support we can have some upward momentum towards the top of the channel. If the support fails to hold and if it break downwards, we can face a massive drop to the monthly trendline (blackline). So buy if...
Theta is looking good on the Daily TF. It looks like het broke through the resistance and the fib 0.382. Furthermoren he almost cleared the blue IMO line and the 8ema is crossing the 21ema. I expect it to go up until hitting resistance of the cloud around 1280-1320.
