ForexRobotNation.com – Best Forex Robot & Expert Advisor Reviews Forex Robot, Expert Advisor EUR/CAD Long-Term Trend: Bullish
Key Resistance Levels: 1.62692, 1.63152, 1.63657
Key Support Levels: 1.61975, 1.61429, 1.60070
Daily Chart:
The price on the higher time frame has recently been in an uptrend. It tested a support level of 1.57600 and bounced back. The pair has broken a few resistance levels which suggests further trend continuation.
EUR/CAD Medium-Term Trend: Bullish
1-Hour Chart:
On the lower time frame, the pair is moving in the major trend’s direction. It broke resistance level recently to shift the short-term trend to bullish. As of now the pair has broken and retested a minor level of 1.61975 before continuing the momentum.
Signal Idea:
Buy Limit Order @ 1.62175
TP @ 1.62606
Stop Loss @ 1.61745
Trade Safely 🙂
This trading signal is not financial advice, it is only education, and our opinion. Any trade you take is your decision. Trade safely.
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