Economic CalendarQuotes & ChartsForex Trading SignalsPAMM Account RatingTrading Sessions
flag English arrow
logo
Home
Publications
Top Articles Forex Analytics Forex Analysis for Beginners Video Analytics Crypto News Forex NewsForex TVForex HumorNews in Pictures Trader Journals
See also
Forex Online
Quotes & Charts Forex AnalyticsForex NewsEconomic Calendar Technical Analysis Patterns Forex Trading Signals PAMM Account Rating Trading Session Schedule
See also
Crypto
QuotesNewsTrade Crypto IFXBIT Platform #Bitcoin#Ethereum#RippleBitcoin Cash
Monitoring
Forum
Trade Now

FX.co ★ Technical analysis of EUR/CAD for July 17, 2015

header image

Forex Analysis

2015-07-17T09:02:57
iconLong-term review

Technical analysis of EUR/CAD for July 17, 2015

According to my previous EUR/CAD analysis, after multiple bouces off the S1 (1.3983), this level is clearly acting as a strong support, which was rejected throughout this week over and overafter multiple bouces off the S1 (1.3983).

Today could be a day when a rally finally begins, and EUR/CAD still offers a very attractive price to buy. It seems very reasonable to get into a long trade right now targeting R2 (1.4640) area, whith the stop loss just below S1 (1.3983).

Support: 1.3983, 1.3868

Resistance: 1.4161, 1.4639

Technical analysis of EUR/CAD for July 17, 2015

*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade
Go to the articles list Open trading account