Hello all.
Lets try to understand what will happen with EUR/CAD.
Pair mark: 1.4290
H4 timeframe:
a) Support: 1.4190
b) Resistance: 1.4350/1.4410
c) Trend: Upside
In my opinion, 1.4280 is being quite supportive. Probably it will break the descending longitudinal line and reach Support 1. Look at RSI. This pair is oversold. You can buy now or wait until this pair reach again the main support for the period at 1.4190.
Lets try to understand what will happen with EUR/CAD.
Pair mark: 1.4290
H4 timeframe:
a) Support: 1.4190
b) Resistance: 1.4350/1.4410
c) Trend: Upside
In my opinion, 1.4280 is being quite supportive. Probably it will break the descending longitudinal line and reach Support 1. Look at RSI. This pair is oversold. You can buy now or wait until this pair reach again the main support for the period at 1.4190.