The Daily time frame is examined in today’s analysis for the EUROCAD. Major attention is drawn to the (tentative) that is used to put price action into context ever since a price high of 1.61530 was achieved on March 20, 2018.
Besides, the in the EURCAD since April of the year 2015 is also plotted as it is in the vicinity of current price action as of market close yesterday (Monday, February 18, 2019).
1.47623 and 1.45024 represent the support region anticipated to provide a potential swing in market action. Failure at the upper boundary of support (i.e. 1.47623) would have also seen price break its long term .
This implies strength that will be expected to test the bottom of the current as a minimum expectation.