December 22, 2020 at 03:31PM

• EURCAD broke resistance area

• Likely to rise to 1.5815

EURCAD recently broke above the resistance area lying between the key resistance level 1.5660 and 1.5700 (monthly highs from October and September respectively).

The breakout of this resistance area coincided with the 50% and 61.8% Fibonacci correction levels of the previous ABC correction (2) from July.

EURCAD is expected to rise further toward the next resistance level 1.5815 (top of the daily Evening Star from august).

Continue Reading…

From: The FxPro Tech Analysis Team https://fxpro.news/market-snapshots/eurcad-wave-analysis-22-december-2020-20201222/
Selected by fonecable.com

euro
Search Web: EURCAD Wave Analysis 22 December, 2020

Recent Posts

euro

Related Listening

December Reports

November Reports

October Reports

September Reports

August Reports

July Reports

Leave a Reply

Your email address will not be published. Required fields are marked *

Chinese (Simplified) ZH-CN English EN French FR German DE Spanish ES