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EURCAD Wave Analysis – 28 October, 2019

  • EURCAD reversed from support zone
  • Likely to rise to 1.4550

EURCAD recently reversed up from strong support zone lying between the key support level 1.4460 (which has been reversing the price form the middle of 2017) and the lower weekly Bollinger Band.

The upward reversal from this support area continues the active long-term impulse wave (1) from August.

EURCAD is expected to rise further and retest the next resistance level 1.4550 (former strong support from July).

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