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17.05.202108:45 Forex Analysis & Reviews: EURCAD reacting at ascending trendline support! Bounce incoming!

Exchange Rates 17.05.2021 analysis

EURCAD holding above ascending trendline support. With technical indicators showing room for further bullish momentum, a further push up above 1st support at 1.46985 towards 1st resistance at 1.47486 could be possible.

Trading Recommendation

Entry: 1.46985

Reason for Entry:

61.8% Fibonacci retracement, ascending trendline support

Take Profit: 1.47486

Reason for Take Profit:

100% Fibonacci extension

Stop Loss: 1.46695

Reason for Stop Loss:

Horizontal swing low support

*这里的市场分析是为了增加您对市场的了解,而不是给出交易的指示。

Dean Leo,
分析专家
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