💱 EURCAD - An ascending triangle may continue the trend

13 בנוב׳ 2023

EURCAD is forming a pattern that can continue trend formation. On the chart we see an ascending triangle and a rebound from support. I am waiting for a breakout of resistance

Prerequisites for further growth:
1) Fundamentally, EUR has a positive background
2) Bullish trend
3) Rising triangle and bounce from support
4) Price forms resistance retest
5) Waiting for a retest followed by a breakout: 1.47800 - 1.47890

Key support: 1.4747, 1.4726
Key resistance: 1.4789