Currency pair Euro to Canadian Dollar EUR/CAD finished the trading week at 1.4132. At the moment, the pair’s quotations continue to move within the rising channel and at the moment there is a potential for continuing the growth of EUR/CAD quotations in the area above the level of 1.46.
EUR/CAD Forecast Euro Canadian Dollar on April 17 — 21, 2017
In favor of growth of quotations of the pair is the formation of an upward Forex model 5-0, as well as the formation of a bull forex model of the Wolf wave with the goal of working at 1.44. An additional signal in favor of the pair’s purchases is a tight test of the uplink of support on the indicator of relative strength.
Cancellation of the variant of the Euro quotation growth. The Canadian Dollar EUR/CAD will break through the area of 1.3970, which will indicate the breakdown of the lower boundary of the rising channel and the continued decline of the pair.
EUR/CAD Forecast Euro Canadian Dollar on April 17 — 21, 2017 suggests a rebound attempt and continued growth in the area above the level of 1.46 within the bull model 5-0, the breakdown will be the breakdown of the level of 1.3970.
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