Monday , 20 November 2017

Home » RESOURCES » FOREX » Technical analysis of EUR/CAD for April 08, 2016

Technical analysis of EUR/CAD for April 08, 2016

EUR/CAD continues trading above the 200 Moving average and
has re-tested and rejected the MA breakout point for several times. Overall
price bounce off all 3 support levels of the Fibonacci applied to the channel
breakout point.

At the same time the R1 (1.4960) resistance has been broken
opening doors for further rise. Currently, price is trading very near S1
(1.4850) which was rejected just yesterday.

Consider buying EUR/CAD at the current level, targeting R2
(1.5130) level and stop loss well below S1.

Support: 1.4850, 1.4760, 1.4670

Resistance: 1.4960, 1.5130

EURCAD_INSTA.png

The material has been provided by InstaForex Company – www.instaforex.com

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with MarketBeat.com's FREE daily email newsletter.

Technical analysis of EUR/CAD for April 08, 2016 Reviewed by on . EUR/CAD continues trading above the 200 Moving average and has re-tested and rejected the MA breakout point for several times. Overall price bounce off all 3 su EUR/CAD continues trading above the 200 Moving average and has re-tested and rejected the MA breakout point for several times. Overall price bounce off all 3 su Rating:
scroll to top