EUR / CAD:
Our expectations: Long-term choppy and medium-term upward trend. A short-term adjustment to levels of support enables us to position ourselves long on the market.
Alternative Scenarios: If the price passes under diagonal support, we may see a breakthrough and a new downward momentum
Commentary: Breakthrough of short-term downward movement
Price action: Engulfing bullish bar from levels of horizontal and diagonal support - probably increase
Fibonacci correction to 50%
50/200MA: 50 over 200 - bullish tendency
Oscillators still do not give clear signals
Trader I. Ivanov
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