EURCAD near the lower range limit

05 july 2022 51
Ivan__Titov
Ivan__Titov

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The EURCAD pair has approached the lower range limit of 1.34 - 1.376, where it has been moving for the fourth month. Odds are good that this time the price will bounce up: a hammer has appeared on the chart, and the Stochastic indicator is already close to forming a buy signal.


The first growth target is the level of 1.36, then it is possible to continue the rise to the upper border of the flat at 1.376.

Ivan__Titov
Ivan__Titov

Listed among the best MarketCheese authors
3rd in the segment "Indices"
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