TipTVFinance

EUR/CAD - Eyes rising trend line support on hourly

FX:EURCAD   Euro Fx/Canadian Dollar
Cross had a nice run after witnessing a bullish break from sideways channel as mentioned here.

Pair's is now eyeing rising trend line support seen at 1.4637 levels - 1.4627 (50-SMA). The hourly RSI is yet to reach oversold territory, thus indicating scope for a drop to trend line support.

A break lower would expose 1.4578 (falling trend line support on daily chat) where fresh demand can be anticipated, given the daily RSI is sitting above 50.00 levels.





Agreed. RSI has bullish character I think. Trending more in the upper regions than in the lower. So after small drop, I expect further rising. Maybe worth a buy when price has dropped to 1.4578 region.
Reply
I agree, I think it will bounce and start going UP
Reply
Looking for bounce as am seeing oil price weakness. Plus, there is also possibility of rebound in EUR/USD pair from 1.1431
Reply
SO are you looking lower,or a bounce???
Reply
United States
United Kingdom
India
Deutschland
France
España
Italia
Polska
Türkiye
Россия
Brasil
Indonesia
Malaysia
Việt Nam
日本
한국
简体
繁體
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Priority Support Contact Support Ideas Published Followers Following Private Messages Chat Sign Out