EURCAD OUTLOOK
I believe that the pair will begin the bullish movement for the following reasons:
the supporting trend line of the bullish movement has been retested once more and respected on lower timeframes.
market has come to retest the strong four hour support zone of 1.43540 - 1.43700.
we have also identified a bearish channel where the supporting trend line has made contact once again with the price.
the W formation has officially completed its bearish movement buy coming back to its support meaning bulls have the opportunity to move the markets to the upside.
leading to four confluences for bullish semtiment to develop.
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fundamentals
MONDAY, JANUARY 10
12:00
EUR Unemployment Rate(Nov)
TUESDAY, JANUARY 11
12:00
EUR German Buba President Weidmann speech
the supporting trend line of the bullish movement has been retested once more and respected on lower timeframes.
market has come to retest the strong four hour support zone of 1.43540 - 1.43700.
we have also identified a bearish channel where the supporting trend line has made contact once again with the price.
the W formation has officially completed its bearish movement buy coming back to its support meaning bulls have the opportunity to move the markets to the upside.
leading to four confluences for bullish semtiment to develop.
----------------------------------------------------------------------------------------------------------
fundamentals
MONDAY, JANUARY 10
12:00
EUR Unemployment Rate(Nov)
TUESDAY, JANUARY 11
12:00
EUR German Buba President Weidmann speech
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