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Add as a preferred source on Google FxWirePro: EUR/CAD forms Bullish Bat pattern, good to buy at dips Pattern Formed - Bullish Bat pattern Potential Reversal Zone (PRZ)- 1.4180 EUR/CAD has completed Bullish Bat pattern around 1.4180 level. It is currently trading around 1.47256. The short term trend is slightly bullish a…
By FxWire Pro May 23, 2016, 7:16 AM UTC
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Pattern Formed - Bullish Bat pattern
Potential Reversal Zone (PRZ)- 1.4180
EUR/CAD has completed Bullish Bat pattern around 1.4180 level. It is currently trading around 1.47256.
The short term trend is slightly bullish as long as support 1.4180 holds.
On the lower side minor support is around 1.4540 and any break below targets 1.4500/1.4388/1.43180.
EUR/CAD resistance is around 1.4825 (200 day MA) and break above will take the pair till 1.4900/1.50290 level.
It is good to buy at dips around 1.4700 with SL around 1.4540 for the TP of 1.4825/1.50300
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