ForecastCity_ME

Don't miss the great sell opportunity in EURCAD

Short
FX:EURCAD   Euro / Canadian Dollar
Trading suggestion:
. There is still a possibility of temporary retracement to suggested resistance line (1.5784). if so, traders can set orders based on Price Action and expect to reach short-term targets.

Technical analysis:
. EURCAD is in a range bound and the beginning of downtrend is expected.
.The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 43.

Take Profits:
TP1= @ 1.5658
TP2= @ 1.5572
TP3= @ 1.5478
TP4= @ 1.5385
TP5= @ 1.5055

SL: Break Above R2

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ForecastCity English Support Team ❤️
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Comments

Good forecast, hope to see more.
+2 Reply
ForecastCity_ME Josef_anderson
@Josef_anderson, You're most welcome!
Reply
Good forecast
+1 Reply
ForecastCity_ME kirtiranjanlenka557
@kirtiranjanlenka557, Thank you! We wish you all the best with your trades.
Reply
Great work
+1 Reply
@Sir_Ray, Good luck!
Reply
super perfect analysis. 👍
+1 Reply
@Kristalyn, I wish you good luck with your trades .
Reply
Impressive and excellent 👌
+1 Reply
@Kamryn, Thank you! We appreciate your comment.🙏
Reply
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