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ICE-Forex
Sep 7, 2022 9:05 AM

EUR/CAD-BUY SIGNAL Long

Euro Fx/Canadian DollarFXCM

Description

There was a very sharp rise between A-B up to 1.325.
The drop from B-C to the 1.298 level coincides with the 0238-0.382 fibonachi levels.
The acceleration of this decline is less than the upward movement, so I think it is a corrective movement.
Tomorrow is the ECB interest rate decision, explanations are important.
The price's first target up is 1.32500, the second target is 1.33900.
You can take a look at the 1-hour and 4-hour charts to get the price at a more affordable level.
Comments
InkyGrip
Nice Analysis. I Think EURCAD will go up
ICE-Forex
@plancton0618, Thanks bro!
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