EURCAD is preparing for a breakout!!

Long

Euro / Dollar Canadien (OANDA:EURCAD)

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OANDA:EURCAD Euro / Dollar Canadien

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EURCAD 4h Has formed strong bullish price action. Currently, price is in a local uptrend as there is a monthly resistance coming up, It is highly likely that EURCAD will continue to rise to test this previous monthly support as resistance.
On 4h timeframe, EURCAD has created a bullish engulfer on the support level in the last session signaling the further rise. On the news announcement, price may have a spike to the upside.

Commentaire:

04:22

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