EURCAD 18 03 2021
Now the price is at a very important moment. For the first time in a year, it returned to the support level of 1.482. The last time the price touched this level was in February 2021, when it broke through and showed an increase. Despite the fact that the price has been in a small downtrend since July 2020, it nevertheless moved quite high above the level. However, in early March, the price broke through the resistance line 1.521 and collapsed heavily. At the moment, the price is in the support zone, which is formed by the level and line of September 2019. The price touched the zone at the beginning of the week, then bounced back and now returned to it.
Now the price is at a very important moment. For the first time in a year, it returned to the support level of 1.482. The last time the price touched this level was in February 2021, when it broke through and showed an increase. Despite the fact that the price has been in a small downtrend since July 2020, it nevertheless moved quite high above the level. However, in early March, the price broke through the resistance line 1.521 and collapsed heavily. At the moment, the price is in the support zone, which is formed by the level and line of September 2019. The price touched the zone at the beginning of the week, then bounced back and now returned to it.