Ransquawk

The situationon EURCAD clarifies very interestingly. The four-hour chart shows that the price is approaching the resistance area at 1.5190. In August, there have already been two reflections from this barrier, so it is worth looking for signs of weak bulls.The price for more than a week moves without much enthusiasm. It seems to be closer to the resistance than support at 1.50, but neither demand nor supply have the power to push it in any direction. The last three candles show a slightly larger bullish sentiment, so resistance may be broken.If this happens, the next goal will be resistance at 1.5300, so there is not much room for growth. The better scenario will be a rebound from the resistance and move south towards a round 1.50. Here we have about 160-180 pips to earn, depending on the moment you enter the position.

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