-725 Points in EURCAD
EURCAD Analysis
EURCAD is moving in an Ascending channel by forming higher highs, higher lows in the 1-hour timeframe chart
EURCADΒ 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
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