EURCAD was exercising heavy bearish bleeding for days now, my prediction is based on a daily chart. A strong support zone has been hit at 1.442 and a bullish trend is expecting up to the 1.506 resistance.
If it breaks this zone then the bullish trend will continue however resistance zone might cause a bearish drop down to 1.46 touching a strong support there. Bullish trend is then predicted back up to 1.54 and higher.
Please comment if you like my idea and follow me on Twitter. Thanks!
If it breaks this zone then the bullish trend will continue however resistance zone might cause a bearish drop down to 1.46 touching a strong support there. Bullish trend is then predicted back up to 1.54 and higher.
Please comment if you like my idea and follow me on Twitter. Thanks!