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Big movement expected on ETHUSD after a breach of the support

ETHUSD has broken through a support line of a Head and Shoulders and suggests a possible movement to 186.8089 within the next 9 hours. It has tested this line in the past, so one should probably wait for a confirmation of this breakout before placing a trade. If the breakout doesn’t confirm, we could see a retracement back to lines seen in the last 2 days.

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We expect a $250.711 movement on USDCAD within 4 hours following the event release at 07 Nov 12:00.

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