EURCAD can go long as long as it is respecting the short-term trend. It is now forming higher highs which means that it is an uptrend. Price might retest 1.383 level or the demand zone before it continues its trend.
If the price fails to break the higher high at 1.393 there will be a high chances that the long-term bearish trend will continue.
Key Levels
1.41625
1.40731
1.39545
1.39172
1.38353
If the price fails to break the higher high at 1.393 there will be a high chances that the long-term bearish trend will continue.
Key Levels
1.41625
1.40731
1.39545
1.39172
1.38353