EURCAD is heading towards 1.6290 and could reach this point within the next 2 days. It has tested this line numerous times in the past, and this time could be no different, ending in a rebound instead of a breakout. If the breakout doesn’t happen, we could see a retracement back down to current levels.
Important price line being approached by EURCAD. This price has been tested numerous times before.
