5 / 5 ( 1 vote )
November 05, 2019 @ 17:03 +03:00
EURCAD recently reversed down from resistance zone lying between the strong resistance level 1.4690 (which has been reversing the price from September), upper daily Bollinger Band and the 50% Fibonacci correction of the previous downward impulse from August.
The downward reversal from this resistance area stopped the earlier short-term impulse wave 1.
EURCAD is expected to fall further and retest the next support level – 1.4450 (low of the previous wave (ii) from the end of October).