EUR/CAD: pull back with hopes by technical analysis

8 feb 2023

Euro/Canadian Dollar may to forming a possible bullish setup that we can to benefit for this short movement in long position. At the moment, there're some signal like RSI that form a bullish divergence forming a lower high, but there're not any signal in price action to entry in against the movement bearish when lead to bullish movement. For the moment, I will hope the confirmation of bullish pattern there. By the contrary, will be that EUR/CAD lead to $1.4410 CAD depending the type of price action we see, it's important to study it the behaviour. As 1.4410 work like resistance to short.



Now, in H4 timeframe I'm looking a long position based the points that I have mark there.

So guys, I hope that this analysis support you!!!