Daily Video Analysis: EURCAD facing bullish pressure, potential for further rise!

Today we take a look at EURCAD. Combining advanced technical analysis methods such as Fibonacci confluence, correlation, market structure, oscillators and demand/supply zones, we identify high probability trading setups. Price is facing bullish pressure as it continues to hold above the moving average support. We could potentially see a bounce at buy entry level, in line with 38.2% Fibonacci retracement, and further rise to take profit levels, in line with -27.2%, -61.8 Fibonacci retracement and horizontal swing high resistances.

The material has been provided by InstaForex Company - www.instaforex.com