FX.co ★ vicente13 | EUR/CAD

EUR/CAD

Sunday technical analysis of the pair on the 1-hour chart. Here the price reacted to the TF high at the 1.6274 level and corrected downward from there. It only had enough strength to reach the middle of the trend. From the 1.6125 level the price is moving back up. The price may once again test the 1.6274 level, break it slightly to the upside, somewhere higher there again test the TF high, and from there the price should then return downward. The price will be working off the extended red zone, it may work it off completely, return to the 1.6125 level and form a double bottom on the chart there. .