Market Snapshots

EURCAD Wave Analysis – 30 June, 2020

EURCAD Wave Analysis – 30 June, 2020

• EURCAD reversed from key resistance level 1.5430

• Likely to fall to 1.5200

EURCAD recently reversed down from the key resistance level 1.5430 (top of the previous minor correction 2), intersecting with the daily upper Bollinger Band.

The downward reversal from the resistance level 1.5430 created the daily Shooting Star – which stopped the previous correction (ii). EURCAD is likely to fall further toward the next support level 1.5200 (which earlier reversed the price in the middle of June).

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