EURCAD recently reversed up from the support area located between the key support level 1.5200 (former multi-month resistance level from the start of 2019) intersecting with the 38.2% Fibonacci retracement of the pervious upward impulse from the start of 2020.
This is the second time the pair reversed up from this support zone from the start of this year.
EURCAD is likely to rise further toward the next resistance level 1.5400 (former support from the end of March). Strong support remains at the support level 1.5200.
- GBPUSD broke support zone - Likely to fall to support level 1.2465 GBPUSD currency…
- USDCHF broke resistance zone - Likely to rise to resistance level 0.9000 USDCHF currency…
The decline in EURUSD was driven by weak PMI figures, with France and Germany both…
Gold has reached record high in euro above 2600, and growing fast in dollar terms…
The crypto market is booming as the anticipation of regulatory changes grows. Bitcoin nears $100K,…
- GBPCAD broke support zone - Likely to fall to support level 1.7500 GBPCAD currency…
This website uses cookies
