EURCAD/W/Upside seems immediate(500pips?)

Remarks:

+Weekly Uptrend
+US Oil looks over supplied due to geopolitics going around and COVID 19 Lockdowns. (Over the supply lower the price)Hence slight bears to CAD attached?
+EUR bidded slightly?

Technical Perspective:

สแนปชอต

The Major Move is to the upside. There is a strong push down going at the moment, now getting to the edge being accelerated down fast. If a prevent is happening the upside is immediate!

Lower Buy Limits will be tested IMO

Buy Levels
1.4873-1.4783
1.4704 area

SL preferred

Targets
1.5200 area

Previous Analysis
EURCAD/W/EURO most demanded get another boost??


What do you think?? Comment Below.

I write this for my personal reference. Take Due Care!!


Demand and Supply Notes:

Higher the supply lower the price
Lower the supply higher the price
Higher the demand high the price
Lower the demand lower the price.
Chart PatternsFundamental AnalysisTrend Analysis

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