Long

EURCAD Bullish supported by the 1D MA50.

The EURCAD pair has followed our projected path since the start of the year and recently broke above former Resistance 1:

EURCAD Rejected on the 1 year Resistance. Levels to watch.

This was a bullish break-out signal, with Target 1 being at 1.51200. A rejection and pull-back to the 1D MA50 (blue trend-line) again, will be a new buy, with our Target being a little below the December 22 2020 Top at 1.5700.

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