EUR/CAD - Market Update - Will the 90 Day consolidation end this
EUR/CAD - Market Update - Will the 90 Day consolidation end this week?
We've seen for the past 90 days that price has been ranging between 1.47500 - 1.52500. We've seen a few break-outs here and there but we have managed to break thing range/consolidation.
If we manage to break 1.52500 we could potentially see price reach 1.54000. However; we do have a -Critical- area we have to pay attention to.
Resistance of 1.52500 aligns with a 78.60% Major Fibonacci area. If we see a -Bearish- candle close. We could potentially see this pair maintain it's consolidation and make it's way back down to 1.5000 (1st Target) - 1.47500 (2nd Target)
We've seen for the past 90 days that price has been ranging between 1.47500 - 1.52500. We've seen a few break-outs here and there but we have managed to break thing range/consolidation.
If we manage to break 1.52500 we could potentially see price reach 1.54000. However; we do have a -Critical- area we have to pay attention to.
Resistance of 1.52500 aligns with a 78.60% Major Fibonacci area. If we see a -Bearish- candle close. We could potentially see this pair maintain it's consolidation and make it's way back down to 1.5000 (1st Target) - 1.47500 (2nd Target)
Penafian
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