As the EURCAD market is ranging for the last 3 days, it has presented us with an interesting situation. We are breaking down our analysis from a higher time frame to a lower time frame, for your convenience.
1. Price is currently at an important demand zone in both weekly and timeframe
2. Price has been ranging for the last 3 days and Thursday's NYSE opening volume grabbed the lows of the previous 2 days.
3. We have some big news coming for the Canadian Dollar next week.
1. Price is currently at an important demand zone in both weekly and timeframe
2. Price has been ranging for the last 3 days and Thursday's NYSE opening volume grabbed the lows of the previous 2 days.
3. We have some big news coming for the Canadian Dollar next week.