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EURCAD: ⬆️ Buy
– EURCAD reversed from the support zone
– Likely to rise to resistance level 1.5755
EURCAD currency pair recently reversed up from the support zone between the support level 1.5550 and the support trendline of the daily Triangle from March.
The support level 1.5550 was further strengthened by the lower daily Bollinger Band and by the 38.2% Fibonacci correction of the upward impulse from February.
EURCAD currency pair can be expected to rise to the next resistance level 1.5755 (top of the previous impulse wave i).
Source: https://fxpro.news
