0
0
November 05, 2020 at 03:43PM
• EURCAD reversed from support level 1.5395
• Likely to rise to 1.5660
EURCAD recently reversed up from the pivotal support level 1.5395, intersecting with the lower daily Bollinger Band and the support trendline from April.
The upward reversal from the support level 1.5395 stopped the previous medium-term ABC correction (2).
EURCAD is likely to rise further toward the next resistance level 1.5660 (top of the previous bearish engulfing from the end of October).
From: The FxPro Tech Analysis Team https://fxpro.news/market-snapshots/eurcad-analysis-05-november-2020-20201105/
Selected by fonecable.com
Search Web: EURCAD Analysis 05 November, 2020
Recent Posts
- Crude Oil Over Crypto
- US Dollar Price Action Setups pre-CPI: EUR/USD, GBP/USD, USD/JPY
- Cathie Wood & Ark: Insiders Aren’t Buying the Hype
- Breaking News: ECB Holds Rates, Setting up July and September for Fireworks
- Currency Carry Trade: What is it and how does it work?
Happy
0 %
Sad
0 %
Excited
0 %
Sleepy
0 %
Angry
0 %
Surprise
0 %
Average Rating