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April 21, 2021 at 04:04PM
• EURCAD reversed from resistance area
• Likely to fall to support level 1.4940
EURCAD recently reversed down sharply from the resistance area lying between the resistance level 1.5200, upper daily Bollinger Band and the 38.2% Fibonacci correction of the downward impulse from December.
The price will most likely create the daily candlesticks reversal pattern Bearish Engulfing – if the price closes today near the current levels.
EURCAD is likely to fall further toward the next support level 1.4940 (former resistance from the end of March).
From: The FxPro News Team https://fxpro.news/technical-analysis/eurcad-wave-analysis-21-april-2021-20210421/
Selected by fonecable.com
Search Web: EURCAD Wave Analysis 21 April, 2021
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