EURCAD has been in downtrend for quite sometime. In last few days we have been seeing divergence on RSI indicator which shows the exhaustion of bears. From 28th of September the bull has been leaving the traces of their success, On last working day the breached the last higher hig on the chart, stamping the change of trend reversal.
At this point the bulls may take a breather to continue their journey to north. Using Fib. levels we have identified the buying zone.
Stop loss and potential price target has been marked on chart for ready reference.
At this point the bulls may take a breather to continue their journey to north. Using Fib. levels we have identified the buying zone.
Stop loss and potential price target has been marked on chart for ready reference.