EUR/CAD Long-Term Trend: Bullish
Key Resistance Levels: 1.35270, 1.35666, 1.36943.
Key Support Levels: 1.32825, 1.31284, 1.30029.
Daily Time Frame:
The price succeeded to break the accumulation phase to the upside which led to a reversal. The market is posting higher highs and lows another proof that the price is in an uptrend. The EUR/CAD already posted a correction and now is about to move higher with the help of a bullish impulsive wave.
EUR/CAD Medium-Term Trend: Bullish
4-Hr Time Frame:
On the lower time frame, the market found buyers near the 61.80 % Fibonacci retracement level and left a fake breakout below the strong support 1.33860. This shows that the bulls took control of the market and is about to push higher toward the target profits.
Buy Limit Order @ 1.33904
Target Profit 1 @ 1.34287
Target Profit 2 @ 1.35016
Stop Loss @ 1.33521
Trade Safely 🙂