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EURCAD turnaround to uptrend? 88 to 205 pips

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Euro / Dolar Kanada (FX:EURCAD)  
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FX:EURCAD   Euro / Dolar Kanada
Trend Analysis Moving Averages Cypher Bullish Cypher eurcadlong EURCAD EUR exponentialma exponentialmovingaverages
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trendanalysis movingaverage cypherpattern bullishcypher eurcadlong eurcad eur exponentialma exponentialmovingaverages
We're looking out for EURCAD turnaround as buyers step in.

Will the break out happen on the 20EMA bounce or only after a complete cypher?

In either case, we're available for a LONG trade

Cypher formation
Point B - price retraces X, crosses 0.382 but not 0.618
Point C - price extends XA up to 1.272
Point D - we'll see if price retraces XC to 0.786

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Komen:
The 20EMA offered good support, 80pips in the bag.

Price is generally bullish, however major CAD news in about 12hours. Let's see if that sets up the Cypher harmonic.

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