Home About the company Daily reviews EUR/CAD Trading Analysis (08/08/2024)

EUR/CAD Trading Analysis (08/08/2024)

The trend is ascending. The currency pair is traded in the range between 365 and 135 EMA. The downward truncated wave structure finished with the breach of the sloping channel. There is a bullish divergence on the Awesome Oscillator, and Stochastic Oscillator signals an oversold state.

EUR/CAD price chart

Trading idea:

  • Buy at the breach of 1.5041.
  • Stop-loss at 1.4993.
  • Price targets at 1.5100 and 1.5200.


#eurcad #forex #forextrading #tradersroom #daytradingpatterns #forexexpertadvisor

Author: GC
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