Categories: Technical analysis

EURCAD Wave Analysis – 6 July, 20211

• EURCAD reversed from support zone
• Likely to rise to resistance level 1.4820

EURCAD currency pair recently reversed up from the support zone located between the key support level 1.4600 (former monthly low from May) and the lower daily Bollinger Band.

The upward reversal from this support zone stopped the previous downward impulse waves (iii) and 3.

Given the strength of the aforementioned support zone, EURCAD currency pair can be expected to rise further toward the next resistance level 1.4820 (top of the previous waves (a) and 2).

The FxPro News Team

This team of professional journalists announces the most interesting and influential articles from the major financial media as a brief summary. All such news may have sufficient potential to affect the course of trading assets.

Share
Published by
The FxPro News Team

Recent Posts

Bitcoin is holding, while Solana is on the edge

Bitcoin remains stable near $87K, outperforming altcoins, while Solana faces key support at $120. Institutional…

2 hours ago

The dollar’s wings have been clipped

Waller's dovish rhetoric halted the bears' attack on EURUSD. Slowing UK inflation caused the pound…

2 hours ago

Dow Jones Wave Analysis – 17 December 2025

Dow Jones: ⬇️ Sell - Dow Jones reversed from resistance level 49000.00 - Likely to fall…

18 hours ago

Comcast Wave Analysis – 17 December 2025

Comcast: ⬆️ Buy - Comcast broke resistance area - Likely to rise to resistance level 31.00…

18 hours ago

Platinum Wave Analysis – 17 December 2025

Platinum: ⬆️ Buy - Platinum broke resistance level 1800.00 - Likely to rise to resistance…

19 hours ago

Silver Wave Analysis – 17 December 2025

Silver: ⬆️ Buy - Silver broke resistance zone - Likely to rise to resistance level…

19 hours ago

This website uses cookies