EURCAD Rising Wedge? 09.02.2023
Updated
The indication of a rising wedge is rather low in quality.
However, we can be optimistic about the rapid moves that EUR
can have during the next 2-3 hours or even during the
evening session.
We are looking forward for the breakouts and expect sharp moves
reaching the support and resistance levels as indicated
by the arrows.
Breakout upwards: to reach 1.4801 would have to also break the 1.44503
resistance. That is why more caution is needed here.
Breakout downwards: more font of this one. might reach until 1.43641.
Note
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BDSwiss Research Team: Stuart Cowell, Da-Costa Assumang, Adnan Rehman, Aldo Weidner
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