Hy dear Members. We are here to update about EURUSD. EURUSD is making wedge pattern and now this is trying to break this level. But before this Breakout we can see a small Retesting. After that it can touch Price level 1.17
Keep in touch we will update further soon.
As I published early this week, tomorrow will be the Bank of Canada's meeting, the market doesn't wait a particular change, so the reaction of the pair EURCAD, will be affect by the stimulus and economy outlook.
The trend for EurCad is clearly up and after reaching 1.6 important resistance the pair corrected just to touch fibo 50% of the last leg up.
A strong base is formed at 1.56 now and the pair could have a new attempt to conquer 1.6 zone.
EurCad is bullish as long as the price is above 1.56 and only a daily close under this support would change this outlook.
Hello Traders,
Trend is still bearish on daily chart, but from the technical point of view it is possible to try to take long speculative position ( reduced size) keeping in mind that this is a high risk setup but with limited stop loss.
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Thank...
![EURCAD: [EURCAD] SPECULATIVE SETUP](https://s3.tradingview.com/e/eCboNmSj_mid.png "[EURCAD] SPECULATIVE SETUP")
