Currency pair analysis: EUR/CAD

EUR/CAD

The overall trend is upward. The estimated correction has almost reached 50% of the impulse. A bullish divergence has formed on the Awesome Oscillator, while the Stochastic Oscillator signals oversold conditions. An entry point is being formed "on rollback B".

EUR/CAD rate online: monitor the price movement in real time.

Trading idea:

Buy when an ascending wave pattern is formed, where the wave (A) breaks through the inclined channel of the truncated descending pattern.

Stop Loss: below the support level (50% Fibo): 1.4351.

Target levels: 1.4534; 1.4620.