17.05.202108:47 Forex Analysis & Reviews: Daily Video Analysis: EURCAD facing bullish pressure, potential for further rise!


Today we take a look at EURCAD. Combining advanced technical analysis methods such as Fibonacci confluence, correlation, market structure, oscillators and demand/supply zones, we identify high probability trading setups. Price is facing bullish pressure as it continues to hold above the moving average support. We could potentially see a bounce at buy entry level, in line with 38.2% Fibonacci retracement, and further rise to take profit levels, in line with -27.2%, -61.8 Fibonacci retracement and horizontal swing high resistances.

*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade.

Dean Leo,
Analytical expert
InstaForex Group © 2007-2021
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