Categories: Technical analysis

EURCAD Wave Analysis – 29 May 2025

EURCAD: ⬆️ Buy

– EURCAD reversed from the support zone

– Likely to rise to resistance level 1.5755

EURCAD currency pair recently reversed up from the support zone between the support level 1.5550 and the support trendline of the daily Triangle from March.

The support level 1.5550 was further strengthened by the lower daily Bollinger Band and by the 38.2% Fibonacci correction of the upward impulse from February.

EURCAD currency pair can be expected to rise to the next resistance level 1.5755 (top of the previous impulse wave i).

The FxPro Tech Analysis Team

The FxPro technical experts prepare a daily analysis of the most active currency pairs (majors, crosses, exotics) and commodities. Selected instruments are reviewed on daily trends (D1, H4), using the active Elliott Wave setups, Japanese candlesticks, indicators, and support/resistance levels.

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Tags: EURCAD

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