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Hi community,
I'm waiting for a long position EURCAD at strong support and Fibonacci level around 1.443 ~ 1.45
.
The price is going into demand zone (supported by previous level, trend line, and Fibonacci level). So it means these level is very strong support, I think that! So I will be watching these area closely and wait confirm in price action to go long entry.
CAD shows strength after CPI and Retail sale data last week, positioning currency still bearish slightly. If fundamental data continue to support for CAD. We can see change the market sentiment from bearish to bullish in next few weeks.
Thanks,
Haynes
I'm waiting for a long position EURCAD at strong support and Fibonacci level around 1.443 ~ 1.45
.The price is going into demand zone (supported by previous level, trend line, and Fibonacci level). So it means these level is very strong support, I think that! So I will be watching these area closely and wait confirm in price action to go long entry.
CAD shows strength after CPI and Retail sale data last week, positioning currency still bearish slightly. If fundamental data continue to support for CAD. We can see change the market sentiment from bearish to bullish in next few weeks.
Thanks,
Haynes
