Get started
themarketzone

After trend line breakout and a pullback, can it continue?

Long
Euro / Canadian Dollar (FX:EURCAD)  
themarketzone  
FX:EURCAD   Euro / Canadian Dollar
Support and Resistance Fibonacci Trend Lines
0
0
supportandresistance fibonacci trendline
The $EURCAD broke out of a daily uptrend line recently.
The $EURUSD keeps pulling it back lower but this pair is still above a major bottom.
It can be a nice buying zone for the coming weeks:

Trend line
61.8-78.6 Fib zone
support zone

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.