fxpremiere

EURCAD Forecast 02 03 2021

Long
OANDA:EURCAD   Euro / Canadian Dollar
EURCAD Forecast 02 03 2021

This currency pair is also moving in a very strong downtrend channel that formed on the chart back in the summer of 2020. And in this channel there was only one significant breakdown of the resistance line. However, the support line is very strong. The price broke through the senior resistance line 1.545 long ago. She appeared in 2012. Then it dropped to support 1.521, fixed on it and now I expect growth. So my final target is the 1.548 resistance zone .

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