EURCAD Poised for a Rebound From The Support Zone

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EURCAD Poised for a Rebound From The Support Zone

Yesterday, the price broke down from a Head and Shoulders pattern, moving down nearly 100 pips. EURCAD is about to test a strong support zone near 1.4700 - 1.4720.

The support zone and an empty Economic Calendar could provide an advantage for the price to rise again, as shown on the chart.

Targets based on the structure zone are:
🎯 1.4765
🎯 1.4792
🎯 1.4830

You may find more details in the chart!
Thank you and Good Luck!

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