0
0
December 22, 2020 at 03:31PM
• EURCAD broke resistance area
• Likely to rise to 1.5815
EURCAD recently broke above the resistance area lying between the key resistance level 1.5660 and 1.5700 (monthly highs from October and September respectively).
The breakout of this resistance area coincided with the 50% and 61.8% Fibonacci correction levels of the previous ABC correction (2) from July.
EURCAD is expected to rise further toward the next resistance level 1.5815 (top of the daily Evening Star from august).
From: The FxPro Tech Analysis Team https://fxpro.news/market-snapshots/eurcad-wave-analysis-22-december-2020-20201222/
Selected by fonecable.com
Search Web: EURCAD Wave Analysis 22 December, 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