VizhcoS

EURCAD 30M bullish

Long
FX:EURCAD   Euro / Canadian Dollar
For EURCAD we see a strong breakout of the previous resistance and now it has become a support for a long position of this pair. There is also the EMA 33 cross over the EMA 200 at 30 min that we also use as an indicator to support this long position. There is also the support of the 0.382 Fibonacci level which the pair respected and indicates a possible long position. For this trade, there is still a degree of uncertainty based on the weakness of the Euro against the Canadian dollar. From our perspective, the next move will determine the trend of this pair for the coming days. GL
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.