justatrader
Long

EURCAD - Test of 1.40745 support

FX:EURCAD   Euro Fx/Canadian Dollar
122 0 3
Weekly candlestick shows a bullish engulfing (Body). Daily chart's price channel shows the last major support at 1.40745. Price briefly dipped lower but rallied to close back above the support level . Current price could see a decline to 1.40745. A test of support could see a rally to 1.4444, with the possibility to test back to 1.47117.

I also plotted what looks like a Wolfe Wave , gives the EPA/ETA around the same 1.444 with a possibility of reaching the target around 18/3/2015
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