Their is a trendline breakout 1.38239 level and which inturns break the resistance that has been holding since 6th of july to test the resistance at 1.39758 level which reject it and retest the previous resistance turn to support, hopefully we ought to see a reversal from 1.38860 level and the target should be 1.42167; the trade becomes invalidate at 1.37116...
The pair is above 50period moving average on 4hr tf which serves as the support level, we are looking forward to long this pair and take profit at the next resistance level, don't risk more than 2% of your account on a trade
EUR/CAD found resistance at the 1.4800 zone earlier this week but the bulls look like they got their defenses together at the 1.4750 zone. And why not? The minor psychological handle lines up with a mid-channel support, a key inflection point, and the 100 SMA on the 1-hour time frame. Euro bulls can start placing them long orders at current levels if you’re...