EuroMotif

USDCAD at or near Support. UC due for a bounce?

EuroMotif Mod Uppdaterad   
FX:USDCAD   USA-dollar/Kanadensisk dollar
UC approaching a couple of support zones.
If these zones do not bounce the price, then it will head much lower.
Watching closely.
Kommentera:
Decent bounce out of support zone, but bulls need to break this 1.618 to get more bulls on board
Kommentera:
Above initial support did not hold, neither did the second one. But now we are coming back up to ''previous'' support. Question is whether it will turn into Resistance now
Kommentera:
Nice! previous support Pierced with Vigor
Kommentera:
Here we are, back in the zones
Zooming in, my miscalculation becomes obvious. I expected the 4x band to hold it, but turns out it was the 5x band
Another look with the colored bands for better contrast

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