EURCAD: rebound.
EUR/CAD may rise 71 - 107 pips
The RSI is above 50.
The MACD is negative and above its signal line.
The MACD must break above its zero level to trigger further gains.
Moreover, the price is trading above its 20 period moving average (1.4464) but under its 50 period moving average (1.4482).
Our preference: Rebound.
The RSI is above 50.
The MACD is negative and above its signal line.
The MACD must break above its zero level to trigger further gains.
Moreover, the price is trading above its 20 period moving average (1.4464) but under its 50 period moving average (1.4482).
Our preference: Rebound.
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