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Mihai_Iacob

EurCad- Rise to resistance?

Long
Euro / Canadian Dollar (FX:EURCAD)  
Mihai_Iacob  
FX:EURCAD   Euro / Canadian Dollar
Trend Analysis Chart Patterns Technical Indicators EURCAD eurcadlong eurcadanalysis eurcadbuy eurcadforcast eurcadsetup eurcadtrade eurcadidea eurcadsignal
20
5
trendanalysis chartpattern indicator eurcad eurcadlong eurcadanalysis eurcadbuy eurcadforcast eurcadsetup eurcadtrade eurcadidea eurcadsignal
Since November, EurCad is trading in a range, with a low of around 1.42 and a high above 1.4550.
Yesterday the pair visited the lower boundary of the range and reversed (Pin Bar on Daily chart)
At this moment there is a high probability of continuation to the upside and traders can look to buy dips under 1.43 with a target at 1.45
A daily close under 1.42 negates this scenario
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