EURCAD has been in a steady uptrend since the end of April, there was recently a false breakout of the 0.382 Fib extension and has since crossed back over and closed above it for the past 4 sessions including a pin bar rejection on the most recent session.
Most importantly, the 50MA has crossed sharply above the 200MA for the first time since November 2012.
Short term target is the resistance at 1.4475 and then onto the 0.5 Fib extension at 1.4750.
Most importantly, the 50MA has crossed sharply above the 200MA for the first time since November 2012.
Short term target is the resistance at 1.4475 and then onto the 0.5 Fib extension at 1.4750.