EUR/CAD Price Action is Suggesting the Range Bound Movement

1 min read
tarantula fx

tarantula fx

Head of Trading

Dear traders,

The EUR/CAD could make a move from point A to point B.

1.5020 is the rejection level. The market looks bearish but watch for a possible bounce at the point B. Point B is M L3 and trend line confluence. 1.4770. If the price gets to the zone, we might see a move up. As long as the range 1.5020-1.4770 holds, the market is not having any trend. Trades might be placed around those levels until the breakout happens.

The Analysis has been done with the Black Widow system.

Good trading,
Nenad Kerkez

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