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Trading Idea - EUR/CAD, 23-02-2021
Trading Signal: EURCAD
| Order | Sell |
| Direction | Bearish |
| Pattern | Support Test |
| Interval | Daily |
| Length (Candles) | 23 |
Idea Summary
EURCAD forecast is bearish. The technical analysis of the EURCAD chart in daily timeframe reveals the ERUCAD pair has failed to breach above the Fibonacci resistance level 23.6 and has retraced down. It is most likely the pair will breach below the support at Fibonacci 0.0 level and move lower. There is a likelihood however EURCAD may bounce off the support level, reversing up.
Note:
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