fxpremiere

#EURCAD 12 04 2021

Long
OANDA:EURCAD   Euro / Canadian Dollar
#EURCAD 12 04 2021

Since December 2012, the price has been growing in an uptrend. However, breakouts do occur. after the last breakout, the price returned to the trend in February 2020. Within the trend, it managed to rise and followed the strong resistance line of December 2012 twice. After the second touch - 1.600 - the price began to fall. During the fall, the resistance line of August 2020 was formed. During the fall, the price was able to break through the strong resistance line 1.525, which has existed on the chart since 2013. Then - level 1.490. And as a result, it stopped at the line of the ascending channel support - 1.477. The price jumped from this line, broke through the 1.490 level again, worked out the rollback and fixed on it. Now I expect that after fixing the price will continue to rise. So my final target is the 1.526 resistance zone .

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