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EUR/CAD analysis

The EURCAD market is currently at the beneath of Moving average till then the market was strong from the bull angle. Now the market is turning to up and making an environment in favor of all buyers. So the entry point is at 1.5091 and the target point is at 1.5214.

eurcad-d1-instaforex-group.png
 
The EURCAD market is currently at the beneath of Moving average till then the market was strong from the bull angle. Now the market is turning to up and making an environment in favor of all buyers. So the entry point is at 1.5091 and the target point is at 1.5214.

eurcad-d1-instaforex-group.png

I think, your analysis is based on recent market movements only! But if you consider the higher time frames like weekly and monthly then you will get 1.5215 is a very attractive point for the sellers! You may see last 2 recent aggressive sell pressure in that level; so I am interested to sell trade.
 
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