EUR/CAD Trading Analysis (08/08/2024)
The trend is ascending. The currency pair is traded in the range between 365 and 135 EMA. The downward truncated wave structure finished with the breach of the sloping channel. There is a bullish divergence on the Awesome Oscillator, and the Stochastic Oscillator signals an oversold state.
Trading idea:
- Buy at the breach of 1.5041.
- Stop-loss at 1.4993.
- Price targets at 1.5100 and 1.5200.
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