EURCAD continues its bullish trend. The price is testing the resistance on the background of upward movement. There is a chance for a quick breakout
TA on the high timeframe:
1) Accumulation is formed near the level of 1.47728. At the next retest, the price may break the resistance
2) The liquidity area of interest for the price is above 1.48560.
TA on the low timeframe:
1) A triangle is forming
2) Price bounces off the support on the background of a bullish trend
3) A retest of resistance is forming, increasing the chance for a breakout
Key resistance📈: 1.47600, 1.4796
Key support📉: 1.4700, 1.4654
TA on the high timeframe:
1) Accumulation is formed near the level of 1.47728. At the next retest, the price may break the resistance
2) The liquidity area of interest for the price is above 1.48560.
TA on the low timeframe:
1) A triangle is forming
2) Price bounces off the support on the background of a bullish trend
3) A retest of resistance is forming, increasing the chance for a breakout
Key resistance📈: 1.47600, 1.4796
Key support📉: 1.4700, 1.4654
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