Trade Ideas to Follow This Week
EUR/USD 4H chart EUR/USD surged after Powell’s speech on Friday…
EUR/CAD broke resistance level 1.5660
2019-11-11 • Updated
- EUR/CAD broke resistance level 1.5660
- Next buy target 1.6000
EUR/CAD continues to rise after the earlier breakout of the resistance level 1.5660 (which stopped the previous minor impulse wave 3 in February, as can be seen from the daily EUR/CAD chart below). The breakout of the resistance level 1.5660 coincided with the breakout of the resistance trendline of the wide daily up channel from last September. EUR/CAD is expected to rise further toward the next buy target at the next resistance level 1.6000.
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