EURCAD currency pair after the closure of the weekend gap reached the support it provides trend line led from the hole with the past Wednesday.

Now, the price consolidates above the support and on the 1-hour chart tested it several times.

If the bears could overcome mentioned trend line and close under it, it might mean appetite for further declines. In this case, you can consider purchasing options at falling prices (PUT).

1904-EURCAD


Test account with a broker binary options uTrader! Click here to invest

Binary options broker uTrader offers a return. If you win your account will increase by a percentage of the invested amount. If you lose, regardless of the size of the defeat, you never lose more than you bet.

Leave us a comment!

Ransquawk