0
0
June 17, 2021 at 09:04AM
• EURCAD reversed from resistance area
• Likely to fall to support level 1.4675
EURCAD recently reversed down from the resistance area lying between the resistance level 1.4785 (which has been reversing the price from the start of May), upper daily Bollinger Band and the 50% Fibonacci correction of the upward impulse from the start of April.
The downward reversal from this resistance area stopped the earlier impulse waves (i) and C.
Given the prevailing downtrend – EURCAD can then be expected to fall further toward the next support level 1.4675.
From: The FxPro News Team https://fxpro.news/technical-analysis/eurcad-wave-analysis-16-june-2021-20210617/
Selected by fonecable.com
Search Web: EURCAD Wave Analysis – 16 June, 2021
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 %
