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EUR/CAD: End Of Week Technicals - correction to the bearish reversal

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by , 03-27-2016 at 09:14 AM (985 Views)
      
   
Weekly price is on primary bullish trend located above 100-period SMA and 200-period SMA for the secondary correction: the price was bounced from 1.4386 support level for the ranging within key bullish s/r levels.

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If the price breaks 1.4386 support level so the bearish reversal will be started with the secondary ranging.
If the price breaks 1.6103 resistance level so the bullish trend will be continuing.
If not so
the price will be ranging within the levels.

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