EURCAD recently broke through the resistance zone lying between the key resistance level 1.4720 (which has been reversing the price from September) and the 61.8% Fibonacci correction of the previous downward impulse form August.
The breakout of this resistance zone accelerated the active impulse wave (c) of the ABC correction 4 from last October.
EURCAD is likely to rise further toward the next round resistance level 1.5000 (former multi-month high from August).
German industrial production continues to decline. The rate of contraction in March was slightly better…
US indices have been gaining daily since the beginning of May. They have found strength…
Market picture The crypto market has lost 2% of its capitalisation over the last 24…
- S&P 500 reversed from support level 5000.00 - Likely to rise to resistance level…
- USDCHF reversed from support zone - Likely to rise to resistance level 0.9200 USDCHF…
The single currency is trading near $1.076, waiting for further cues and facing serious resistance…
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