I will long EURCAD because of this:
Moving within a channel for quite some time now, the price has now reached the bottom of the channel so more upside because of a bounce can be expected
Price has moved to test a strong weekly support, this can cause the price to bounce
There is a bullish divergence on 4HR which means the overall bearish trend is weakening.
Moving within a channel for quite some time now, the price has now reached the bottom of the channel so more upside because of a bounce can be expected
Price has moved to test a strong weekly support, this can cause the price to bounce
There is a bullish divergence on 4HR which means the overall bearish trend is weakening.