EURCAD | LOOKS LIKE IT COULD BE A GOOD BUY

Hi everyone and happy Monday! :) Let's start from the monthly: the price is aiming to break MA 50 and MA 100, and on the weekly, we have already crossed MA 200, which is a HTF confirmation suggesting a bullish bias in the market. Strong break through the daily resistance and the 4-hour bullish engulfing candlestick closure to confirm our entry. Today we will have two speeches by President Lagarde, one at 2 p.m. and the next at 4 p.m., so please keep that in mind.