EURCAD H4 - possible gains after going back above support

FX_IDC:EURCAD   Euro / Canadian Dollar
Almost from the beginning of June EURCAD moves south. As a result of these declines market broke local -1.75% support at 1.4985 and reached lower limit of a long-term consolidation where yesterday first demand response occurred.

Rejection of currently tested support could open the way to growth which would lead to a re-test of the previously broken support (now resistance). So in short term, you should consider long position on this instrument.
Sprawdź największy polski portal traderski - i dołącz do najbliższej edycji konferencji FxCuffs 2018 już w marcu! Do zobaczenia w Krakowie!
Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features Pricing House Rules Moderators Website & Broker Solutions Widgets Charting Solutions Help Center Feature Request Blog & News FAQ Wiki Twitter
Profile Profile Settings Account and Billing TradingView Coins My Support Tickets Help Center Ideas Published Followers Following Private Messages Chat Sign Out