We have outlooked several promising Forex pairs and the result can surprise you!
EUR/CAD: more downside ahead
Information is not investment advice
EUR/CAD made a big breakout to the downside. On W1, you will see that it broke the support line from 2015. This line has become resistance around 1.4750. On D1, you may see that the attempt to return above this area failed. The pair continued to fall on Friday and closed near the day’s minimum. The target on the downside lies at 1.4588 (50% Fibo of the 2015-2018 advance).
GBP/USD is moving inside the ascending channel. Since it’s in the lower part of this channel, the pair should reverse up and continue moving in zig-zag.
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