Forex - Chart EUR/CAD Update: Oversold studies prompting short-covering. Gains to remain limited


 08:22 (GMT) 16 Apr

  [Forex Charts]

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Chart EUR/CAD Update: Oversold studies prompting short-covering. Gains to remain limited (0100-ZBWX-C01)

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Asterisk denotes strength of level

09:05 BST - Prices are posting a corrective bounce from 1.5455, with focus now on the 1.5600 break level. A break will open up 1.5650 and 1.5678. Still higher is 1.5700/20, but any immediate tests of here could give way to consolidation as weekly studies continue to point lower. A close below 1.5455 will confirm continuation of the March bear trend.


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