EURCAD: ⬆️ Buy
– EURCAD reversed from support zone
– Likely to rise to resistance level 1.6010
EURCAD currency pair recently reversed up from the support zone between the support level 1.5925 (which has been reversing the price from March), lower daily Bollinger Band and the 50% Fibonacci correction of the upward impulse from March.
The upward reversal from this support zone completed the wave (C) of the long-term ABC correction 2 from the middle of June.
Given the strength of the support level 1.5925, EURCAD currency pair can be expected to rise further toward the next resistance level 1.6010 – former strong support from the middle of July to September.
, lower daily Bollinger Band and the 50% Fibonacci correction of the upward impulse from March.){kind=link}