The movement of EURCAD towards the support line of a Channel Up is yet another test of the line it reached numerous times in the past. This line test could happen in the next 22 hours, but it is uncertain whether it will result in a breakout through this line, or simply rebound back to current levels.
EURCAD is quickly approaching the support line of a Channel Up. We expect either a breakout through this line or a rebound.
