This chart shows an overview of the Euro and Canadian Dollar. The market has been forming a bearish tunnel-like structure since the beginning of 2017. I am not so sure there will be a break out in the 2016's Support, but I am expecting a slight touch and a bullish motion.
Although this analysis is for a long-term position, small trades can be done in this area and I will be waiting for indicators to set up my future trades.
Hope it is useful and trade with care!
Although this analysis is for a long-term position, small trades can be done in this area and I will be waiting for indicators to set up my future trades.
Hope it is useful and trade with care!