Aug 2012 is all time low for EURCAD as for the time being.
Price action is drawing nearer to the long term downtrend line.
With the bullish hammer and Sep as bullish, Oct is highly to be bullish and challenging the resistance by the downtrend line as well as 1.30 round level.
This bullish setup will fail if Sep low is tested within next 2 weeks.
Price action is drawing nearer to the long term downtrend line.
With the bullish hammer and Sep as bullish, Oct is highly to be bullish and challenging the resistance by the downtrend line as well as 1.30 round level.
This bullish setup will fail if Sep low is tested within next 2 weeks.