The EURCAD surrenders to the stability of the barrier – Analysis – 27-1-2023
Economies.com
2 months ago
The EURCAD pair repeated its fluctuation below the additional barrier 1.4610 level, to hinder the attempts to resume the correctional bullish trend and increase the chances of renewing the main negative attempts by crawling towards 1.4495.
Also, stochastic attempt to provide the negative momentum by moving towards 50 level will increase the efficiency of the bearish track, to keep waiting to target 1.4380 followed by reaching 38.2% Fibonacci correction level at 1.4160.
The expected trading range for today is between 1.4560 and 1.4380
The expected trend for today: Bearish
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