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AlbionTrader

EURCAD ready to hit the bottom of its upward Channel

Euro / Dollar Kanada (FX_IDC:EURCAD)  
AlbionTrader  
FX_IDC:EURCAD   Euro / Dollar Kanada
EURCAD Parallel Channel Trend Lines Support and Resistance bounce breakout longterm Forex strategy albiontrader
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eurcad parallelchannel trendline supportandresistance bounce breakout longterm forex strategy albiontrader
EURCAD has been moving in a wide channel since 2013 and its bottom channel (Turquoise line) has almost been reached now.

Definitely a pair to watch for either a Bounce or a Breakout.

If the bounce for trend continuation is confirmed, this should give us a niiiice movement potentially up to the upper channel.

The pair moves quite slowly so this is probably a strategy for long-term.

Best
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