EUR/CAD: Double Bottom at 1.5997
The formation of a double bottom at 1.5997 has lent support to the bullish outlook for the cross. This level is expected to attract continued buying interest - with an hourly close above nearby resistance at 1.6090 confirming the bullish implications of this pattern, targeting 1.6148 and 1.6183. Place stops below 1.5935 [...]
Entries Tagged as 'CAD Crosses'
CAD Crosses – Short-Term Outlook
March 28th, 2008 · No Comments
Tags: CAD Crosses