Euro / Canadian Dollar
Short

DeGRAM | EURCAD in consolidation

243
EURCAD rebounded from the psychological level at 1.47000 in the channel.

Bulls could not push the price higher, and it dropped pullback to the consolidation zone on the left.

Price action might create an AB=CD pattern. We expect a pullback, completing the D point at the lower border of the channel.
 


-------------------

Share your opinion in the comments and support the idea with like. Thanks for your support!

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.