EURCAD Wave Analysis 8 March, 2021
March 08, 2021 @ 18:46 +03:00
• EURCAD under bearish pressure
• Likely to fall to support 1.4800
EURCAD under the bearish pressure after the price broke the long-term support level 1.5070 (which reversed the price multiple times from April to June of 2020).
The breakout of the support level 1.5070 accelerated the active multi-duration impulse waves iii, 3 and (3)
EURCAD is likely to fall further toward the next support 1.4800 (target price for the completion of the active weekly impulse wave 3).