EUR/CAD mark: 1.48135
Forecast: sideline / hold on
H4 Key points:
Resistance: 1.51250
1st support: 1.48135
Floor: 1.47000
EUR/CAD is on the way down. The question is: will stop it at 1st Support or keep its path until the bottom line at Floor. Regarding the Resistance point from where it started downward so far it will be risky taking any option (sell or buy). My advice is: buy when and if price touch the floor and stay out of this cross until there.
Forecast: sideline / hold on
H4 Key points:
Resistance: 1.51250
1st support: 1.48135
Floor: 1.47000
EUR/CAD is on the way down. The question is: will stop it at 1st Support or keep its path until the bottom line at Floor. Regarding the Resistance point from where it started downward so far it will be risky taking any option (sell or buy). My advice is: buy when and if price touch the floor and stay out of this cross until there.