EURCAD is attempting to reverse the trend. Retest of support.

4일 전

The ascending wedge is a bearish pattern. The currency pair is not ready to continue its growth, facing pressure from resistance. The bullish trend may enter a correction phase.

The currency pair breaks the wedge support, forming a local minimum of 1.6262, which is a support zone, the breakout of which will provoke a further decline. The reaction is weak, and the price returns to support for a retest, which only increases the chances of a further decline.

A close below 1.6262 will confirm the trend reversal

4일 전

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