The EURCAD cross advances in an incomplete triangle pattern that remains in progress since March 18th, when the price topped at 1.59914.
This technical formation suggests the continuation of the previous rally that began on February 19th at 1.42637.
Finally, the breakout of the short-term descending trendline of wave ((c)) should confirm the new upward bias that could boost the price likely toward the psychological barrier of level 1.59.
This technical formation suggests the continuation of the previous rally that began on February 19th at 1.42637.
Finally, the breakout of the short-term descending trendline of wave ((c)) should confirm the new upward bias that could boost the price likely toward the psychological barrier of level 1.59.