EUR/CAD rising inside minor impulse wave 3

EUR/CAD rising inside minor impulse wave 3

EUR/CAD rising inside minor impulse wave 3
Next buy target - 1.4600

EUR/CAD continues to rise inside the minor impulse wave 3, which started recently – when the pair reversed up from the support level 1.4280 (upper boundary of the strong support zone which has been repeatedly reversing this currency pair from last November, as can be seen from the daily EUR/CAD chart below). The active minor impulse wave 3 belongs to wave (3) - which also began from the aforementioned support zone.

EUR/CAD is likely to rise further from the current levels toward the next buy target at the resistance level 1.4600 (which previously reversed the price in June).

Dmitriy Chernovolov

Rate this item
(5 votes)

Leave a comment

Make sure you enter all the required information, indicated by an asterisk (*). HTML code is not allowed.

About us

EconomyVN is news website sharing financial information, knowledge and strategies for forex (foreign exchange), stocks, commodities and making money.

Blogeconomyvnnews.blogspot.com

Email: info@economyvn.com