EURCAD Wave Analysis – 12 March 2025

EURCAD: ⬇️ Sell

– EURCAD reversed from the resistance area

– Likely to fall to support level 1.5400

EURCAD currency pair recently reversed from the resistance area between the long-term resistance level 1.5800 (which has been reversing the price since the start of 2020) and the upper daily Bollinger Band.

The downward reversal from this resistance area stopped the previous upward impulse wave (3).

Given the strength of the resistance level 1.5800, EURCAD currency pair can be expected to fall to the next support level 1.5400.