Trades Insight,
After a daily closure, EURCAD sellers can aim to conquer the 1.5140 and the 1.5105-1.5100. However, the downside of pairs below 1,5100 could find it difficult to break the 11-week ascending support line at 1,5020 adjacent to 1,5000 psychological magnets. Assuming that the Bears refrain from complying with the 1.5000 mark, the 1.4950 mark, the 1.4840 mark and the 1.4795 mark could offer intermediate stops to the 1.4750 mark for one more time. Meanwhile, the U-turn crossing 1.5215 enables them to challenge the 1.5320 before the resistance area of 1.5370-80. Should trade feelings be dominated by buyers beyond 1.5380 then the 1.5470, the 1.5510 and the 1.5580 can become their favorites.
After a daily closure, EURCAD sellers can aim to conquer the 1.5140 and the 1.5105-1.5100. However, the downside of pairs below 1,5100 could find it difficult to break the 11-week ascending support line at 1,5020 adjacent to 1,5000 psychological magnets. Assuming that the Bears refrain from complying with the 1.5000 mark, the 1.4950 mark, the 1.4840 mark and the 1.4795 mark could offer intermediate stops to the 1.4750 mark for one more time. Meanwhile, the U-turn crossing 1.5215 enables them to challenge the 1.5320 before the resistance area of 1.5370-80. Should trade feelings be dominated by buyers beyond 1.5380 then the 1.5470, the 1.5510 and the 1.5580 can become their favorites.
