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YGForex

Important Price Rejection For EURCAD!!! Long Opportunity...

Long
Euro / Canadian Dollar (FX:EURCAD)  
YGForex  
FX:EURCAD   Euro / Canadian Dollar
Trend Analysis Chart Patterns Technical Indicators EURCAD eurcadlong eurcadanalysis
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trendanalysis chartpattern indicator eurcad eurcadlong eurcadanalysis
Today's candle made a nice rejection off the support level @1.5320. This level is also where the 261.8% fib level lies. We were anticipating some sort of a BULLISH movement here. As of now, we will be looking for a long opportunity towards my moving averages and 161.8% fib level before any further confirmation. Once this level is reached, we will be eyeing on potential breakout and rejection off that level for further trade opportunity. A rejection might show further BEARISH movement in its trend.

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