EURCAD Buy signal on 2023 fractal.

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It's been too long since we last looked on the EURCAD pair (November 29 2024, see chart below) but it delivered nonetheless our 1.500 Target:

EURCAD Strong medium-term buy opportunity.


Thit time the price is consolidating after a strong February rally and posts a similar pattern to October 2022 - January 2023. The 1D RSI sequences between those fractals are identical and it is not technically unreasonable to expect again the bullish trend to be resumed and target the 1.382 Fibonacci extension at 1.62500.

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