Open account Log in

EUR/CAD broke support zone

Read the article on FBS website
  • EUR/CAD broke support zone
  • Next sell target - 1.4340

EUR/CAD continues to fall inside the minor impulse wave 3 which earlier broke through the support zone lying between the support level 1.4540 (previous sell target) and the 50% Fibonacci correction of the previous intermediate ABC correction (2) from the middle of February. The breakout of this support zone strengthened the bearish pressure on this currency pair. EUR/CAD is expected to fall to the next sell target at the next support level 1.4340 (standing close to the 61.8% Fibonacci correction of the aforementioned correction (2)).

Share with friends:

Similar

Latest news

Instant opening

This website is owned and operated by Mitsui Markets Ltd. Address: 133 Santina Parade, Elluk, Port Vila, Efate, Vanuatu.

Mitsui Markets Ltd. does not offer financial services to residents of certain jurisdictions, including, but not limited to: the USA, the EU, the UK, Israel, the Islamic Republic of Iran, Myanmar.


Payment transactions are managed by НDС Technologies Ltd.; Registration No. HE 370778; Legal address: Arch. Makariou III & Vyronos, P. Lordos Center, Block B, Office 203, Limassol, Cyprus. Additional address: Office 267, Irene Court, Corner Rigenas and 28th October street, Agia Triada, 3035, Limassol, Cyprus.


Risk warning: Before you start trading, you should completely understand the risks involved with the currency market and trading on margin, and you should be aware of your level of experience.

Any copying, reproduction, republication, as well as on the Internet resources of any materials from this website is possible only upon written permission.


The information on this website does not constitute investment advice, a recommendation, or a solicitation to engage in any investment activity.

FBS maintains a record of your data to run this website. By pressing the “Accept” button, you agree to our Privacy policy.