EURCAD-pullback to EMAs and trendline resistances

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Euro Fx/Canadian Dollar (FX:EURCAD)

FX:EURCAD Euro Fx/Canadian Dollar

I expect more weakness on all EUR pairs, especially here because all commodity currencies will continue to get stronger and the OIL seems to be starting a rally.

Details on chart.

Regards.

Trade closed: stop reached

we can test that?

the bearish idea would be confirmed if the rate breaks below 1.4548

manijeh.kazemi.33

I doubt the EUR will rally according to my technical long term analysis. I dont now how the EW count will unfold but will focus mainly on shorts. The fundamentals also counts (more EUR QE coming and OIL bottoming).

there are two scenarious for eur cad

Thanks fulltime

manijeh.kazemi.33

Nice count! same view. This pairs likes zigzags so the ABC is right now my prefered scenario. Regards.

FTT,

So, in Simple terms. Where should we short with Target. At D1 support ?

FlameBlazer

I Clicked on the Rectangle bar and it did show me the R&R . Thank you

FlameBlazer

Hello, the targets are clearly shown on chart. But every trader could manage targets may differente ways. Regards.

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