EUR/CAD forms bullish cypher pattern, good to buy at dips
Harmonic Pattern formed: Bullish cypher pattern.
Potential Reversal Zone (PRZ) - 1.4320
Any break below PRZ will take the pair further down till 1.4250/1.4200.
On the higher side short term resistance is around 1.4435 and break above would extend gains till 1.4500/1.4585.
It is good to buy at dips around 1.4380 with SL around 1.4320 for the TP of 1.4500/1.4575.
Potential Reversal Zone (PRZ) - 1.4320
Any break below PRZ will take the pair further down till 1.4250/1.4200.
On the higher side short term resistance is around 1.4435 and break above would extend gains till 1.4500/1.4585.
It is good to buy at dips around 1.4380 with SL around 1.4320 for the TP of 1.4500/1.4575.