EURCAD Analysis
EURCAD is moving in an Ascending channel by forming higher highs, higher lows in the 1-hour timeframe chart
EURCAD Update
EURCAD has broken the recent higher low area of the minor ascending channel, which leads to the SL price. However, EURCAD still have chances to Rebound from the retest or support area.
Reason : Due to Series of Economic news like below mentioned, market is not making a technical movements.
Eurozone Services Purchasing Managers Index (PMI)
Germany Services Purchasing Managers Index (PMI)
France Services Purchasing Managers Index (PMI)
EU Leaders Summit
Eurozone Trade Balance
Eurozone Wages YoY
Be patience and wait for the next good opportunity signal.
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Don’t trade all the time, trade forex only at the confirmed trade setups.
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