Welcome to our 41st. edition of Currency Corner. In Today's edition we be focusing on the daily time frame of the EUR/CAD. The EUR/CAD has traveled down to support at the lower range of the Keltner Channel which value resides at 1.2994 and closed above the 40 day average at 1.3110 re-establishing the bullish posture of the pair. Moreover, the Timing Oscillator has recovered from oversold territory illuminating the February 7th. price bar blue further adding to the pairs bullish bias. A piercing of the January 27th. pivot high at 1.3244 will spark a rally into the December 9th. pivot high of 1.3710 longer term. A close, however, below 1.2994 will encourage a wave of selling down to the January 16th. pivot low of 1.2872. Momentum continues to build to the long side suggesting more upside price activity is on the horizon | DailyFX Forum visitors can sign up for our FREE Live Interactive Webinars and Live Trading Room at FXReturn.com. Please click the following link to view our research:Currency Corner Created with Camtasia Studio 5
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