Trading Signal Results

EURCAD Analysis

EURCAD is moving in an Ascending channel by forming higher highs, higher lows in the 1-hour timeframe chart

EURCAD Update

EURCAD has breached the previous lower support level within the minor ascending channel, triggering the stop-loss price. Nevertheless, there remains a possibility for EURCAD to experience a resurgence following a retest of the support zone.

Reason Owing to a succession of economic news events, such as those listed below, the market is currently devoid of significant technical fluctuations.

Eurozone Services Purchasing Managers Index (PMI)

Germany Services Purchasing Managers Index (PMI)

France Services Purchasing Managers Index (PMI)

EU Leaders Summit

Eurozone Trade Balance

Eurozone Wages YoY

Exercise patience and await a strong signal for the next favorable trading opportunity.

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