TRDVMA

EURCAD Important Test Point

FX:EURCAD   Euro / Canadian Dollar
40 0 1
Watch the point indicated on the chart. 3 lines coming together as a perfect storm. The test is whether the price will be able to pass through this cluster of lines. If yes, then there is a new found strength and prices maay proceed higher. We will see. Good Trades
Comment: As predicted. The price tries to pierce through but fails the Test Point. 3 attempts so far. As indicated before it is a darn strong resistance to pierce.
Comment: Proven correct. The Test Point was too strong to penetrate. The previous penetration into the heavy support zone indicated great weakness. We are on our way to the target indicated on chart. Short sellers should be in with this pair.
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