0
0
May 27, 2021 at 04:14PM
• EURCAD reversed from resistance area
• Likely to fall to support level 1.4665
EURCAD recently reversed down from the resistance area lying between the resistance level 1.4800, upper daily Bollinger Band and the 38.2% Fibonacci correction of the downward impulse from April.
The downward reversal from this resistance area is aligned with the predominant downtrend that can be seen on the daily EURCAD charts.
EURCAD can then be expected to fall further toward the next support level 1.4665 (low of the previous minor correction (b))).
From: The FxPro News Team https://fxpro.news/technical-analysis/eurcad-wave-analysis-27-may-2021-20210527/
Selected by fonecable.com
Search Web: EURCAD Wave Analysis – 27 May, 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 %
