The EURCAD begins to suffer losses – Analysis – 2-7-2019
Economies.com
2019-07-02 07:49AM UTC
The EURCAD pair confirmed surrendering to the bearish bias domination by breaking 1.4870 support line, to start suffering losses by reaching 1.4815, expecting the broken support to form new resistance, while gathering new negative momentum allows the price to resume the negative attack to target 1.4750 followed by reaching 61.8% Fibonacci correction level at 1.4690.
Also, stochastic crawl towards the oversold areas supports our bearish overview to increase the chances of gathering the required negative momentum to achieve the suggested targets.
The expected trading range for today is between 1.4850 and 1.4750
The expected trend for today: Bearish
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