Elliott Wave Analysis: EURCAD Could Be In For More Upside; Let’s Wait On Broken Channel Line
EURCAD touched our first support at 1.4100 from where we can see market turning slightly higher so we are wondering if maybe lows are already in place, since we can count three waves down from 1.4598. However, I prefer to wait on more evidences before bullish price action can be confirmed. In other words, I am waiting on impulsive rally out of a downward channel before I may look for opportunities within uptrend.
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