The EURCAD continues to rise – Analysis – 2-12-2020
Economies.com
2020-12-02 06:32AM UTC
The EURCAD took advantage of the positive momentum caused by stochastic approach to 80 level again, in addition to its frequent stability within the bullish channel, to notice surpassing 80.50 barrier and open the way to record new positive targets in the near term and medium term period.
Therefore, we expect moving towards 80.95 initially to form the first positive station of the bullish bias, while facing continuous positive pressures might extend trades towards 81.87 as a second target of the bullish bias.
The expected trading range for today is between 80.35 and 81.00
The expected trend for today: Bullish
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