EURCAD intends to break through a solid wall
The Euro intends to break through the established resistance level due to the weakness of the Canadian dollar. The chart clearly shows the resistance level at 1.4923, which has already stopped the growth of the Euro in this currency pair 4th times. Today the Euro is growing in value against many currencies. On the contrary, the Canadian dollar is losing its position concerning other currencies. Therefore, we will place our pending order slightly above this resistance level at 1.4930. If the price can overcome this level, then the next resistance may be only an even level of 1.5000, at which we will place our Take Profit order.
Order Type: Pending Order - Buy Stop
Entry Price at 1.4930
Take Profit at 1.5000
Pips Earning: 70
Forex trade strategy and trading signals for major currency pairs:
EURUSD sell at the price of 1.1690
USDJPY sell at the price of 109.45
GBPUSD sell at the price of 1.3665
USDCHF buy at the price of 0.9200
The result of a trade recommendation. The price has reached the Take Profit level.
The profit can be $551.18 if the trading volume of 100000 EUR (1 Lot).