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EUR/CAD reversed from long-term support level 1.4830

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  • EUR/CAD reversed from long-term support level 1.4830
  • Next buy target - 1.5000

EUR/CAD continues to rise following the previous upward reversal from the long-term support level 1.4830 (which also reversed the price with the daily Morning Star in January, as can be seen below). The previous upward reversal from the support level 1.4830 created the daily Japanese candlesticks reversal pattern Piercing Line. EUR/CAD is expected to rise further toward the next buy target at the next round resistance level 1.5000 (former support from the start of August).

           

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