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Mihai_Iacob

EurCad- nice bullish setup

Long
Euro / Canadian Dollar (OANDA:EURCAD)  
Mihai_Iacob  
OANDA:EURCAD   Euro / Canadian Dollar
Trend Analysis Chart Patterns Technical Indicators eurcadlong EURCAD eurcadanalysis eurcadforcast eurcadbuy eurcadsetup eurcadtrade eurcadidea eurcadsignal
7
0
trendanalysis chartpattern indicator eurcadlong eurcad eurcadanalysis eurcadforcast eurcadbuy eurcadsetup eurcadtrade eurcadidea eurcadsignal
After a very short-lived dive under 1.5450 support, EurCad has recovered quickly and reached 1.56 resistance.
In the last 4 trading days the pair traded in 100 pips range between 1.55 and 1.56 and I believe this range will be broken to the upside.
Buy dips is my strategy for this pair with a soft target at 1.5650 and a medium-term target at 1.57 resistance
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