ddreamz
Long

EUR/CAD short-term long opportunity

FX:EURCAD   Euro / Canadian Dollar
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Hello,

Thoughts on EUR/CAD:

It looked like our buy zone was broken but then suddenly a buying pressure appeared. The breakout was fake and the zone is still valid.
The next try from the sellers didn't go far. As a matter of fact it struggled to make lower low moving inside a range for a whole day.
Furthermore, a strong bullish candle appeared ,breaking the range.
Huge bullish divergence .
Daily outlook - the price dropped into the buy zone. Tried to break it but unsuccessfully.
Those things make me think we are going to watch a rally to our recent resistance which is around 1.4930 area.

Good luck !
Comment: 1st target around 1.4900
Comment: 1.4900 attained.
Trade closed: target reached: Full target.
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