<\/a><\/p>\n\n\n\nEUR\/CAD 4-hour Forex Chart<\/p>\n\n\n\n
This pair just breezed through the resistance around the 1.3300 handle a few days back, which suggests that euro bulls are charging again.<\/p>\n\n\n\n
The ceiling close to the 1.3600 major psychological mark kept gains in check, putting EUR\/CAD back in correction mode.<\/p>\n\n\n\n
So where are buyers looking to hop in?The handy-dandy\u00a0Fib tool\u00a0shows that the 50% to 61.8% levels span the area of interest a.k.a. resistance-turned-support zone.<\/p>\n\n\n\n
The 61.8% retracement level also lines up with a rising\u00a0trend line\u00a0and 200 SMA dynamic inflection point, which adds to its strength as a floor.<\/p>\n\n\n\n
If any of the Fibs hold, EUR\/CAD could resume the climb back to the swing high and beyond, so don\u2019t miss out!<\/p>\n\n\n\n
Technical indicators\u00a0are also saying that the odds are in favor of more gains for the pair. The 100 SMA is safely above the 200 SMA to confirm the presence of bullish vibes while\u00a0Stochastic\u00a0is pulling higher from the oversold region.<\/p>\n\n\n\n
Since there are no major economic releases from both the eurozone and Canadian economy this week, make sure you keep tabs on crude oil and\u00a0bond yields.<\/p>\n\n\n\n
European bond yields are on the rise again, following the latest upbeat\u00a0NFP\u00a0report that fueled expectations for higher borrowing costs.<\/p>\n\n\n\n
Meanwhile, geopolitical tensions in Russia continue to stoke oil price rallies, which would likely lift the correlated Loonie AND overall inflation.<\/p>\n","protected":false},"excerpt":{"rendered":"
Anyone up for a classic break-and-retest play? This might be a good chance to catch the new trend on EUR\/CAD. Here are the correction levels I\u2019m watching on the pair\u2019s 4-hour time frame. EUR\/CAD: 4-hour EUR\/CAD 4-hour Forex Chart This pair just breezed through the resistance around the 1.3300 handle a few days back, which […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[309],"tags":[],"_links":{"self":[{"href":"https:\/\/mudassirbackup.infinitycodestudio.com\/index.php\/wp-json\/wp\/v2\/posts\/10097"}],"collection":[{"href":"https:\/\/mudassirbackup.infinitycodestudio.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mudassirbackup.infinitycodestudio.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/mudassirbackup.infinitycodestudio.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/mudassirbackup.infinitycodestudio.com\/index.php\/wp-json\/wp\/v2\/comments?post=10097"}],"version-history":[{"count":0,"href":"https:\/\/mudassirbackup.infinitycodestudio.com\/index.php\/wp-json\/wp\/v2\/posts\/10097\/revisions"}],"wp:attachment":[{"href":"https:\/\/mudassirbackup.infinitycodestudio.com\/index.php\/wp-json\/wp\/v2\/media?parent=10097"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mudassirbackup.infinitycodestudio.com\/index.php\/wp-json\/wp\/v2\/categories?post=10097"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mudassirbackup.infinitycodestudio.com\/index.php\/wp-json\/wp\/v2\/tags?post=10097"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
![<\/a><\/p>\n\n\n\nEUR\/CAD 4-hour Forex Chart<\/p>\n\n\n\nThis pair just breezed through the resistance around the 1.3300 handle a few days back, which suggests that euro bulls are charging again.<\/p>\n\n\n\nThe ceiling close to the 1.3600 major psychological mark kept gains in check, putting EUR\/CAD back in correction mode.<\/p>\n\n\n\nSo where are buyers looking to hop in?The handy-dandy\u00a0Fib tool\u00a0shows that the 50% to 61.8% levels span the area of interest a.k.a. resistance-turned-support zone.<\/p>\n\n\n\nThe 61.8% retracement level also lines up with a rising\u00a0trend line\u00a0and 200 SMA dynamic inflection point, which adds to its strength as a floor.<\/p>\n\n\n\nIf any of the Fibs hold, EUR\/CAD could resume the climb back to the swing high and beyond, so don\u2019t miss out!<\/p>\n\n\n\nTechnical indicators\u00a0are also saying that the odds are in favor of more gains for the pair. The 100 SMA is safely above the 200 SMA to confirm the presence of bullish vibes while\u00a0Stochastic\u00a0is pulling higher from the oversold region.<\/p>\n\n\n\nSince there are no major economic releases from both the eurozone and Canadian economy this week, make sure you keep tabs on crude oil and\u00a0bond yields.<\/p>\n\n\n\nEuropean bond yields are on the rise again, following the latest upbeat\u00a0NFP\u00a0report that fueled expectations for higher borrowing costs.<\/p>\n\n\n\nMeanwhile, geopolitical tensions in Russia continue to stoke oil price rallies, which would likely lift the correlated Loonie AND overall inflation.<\/p>\n","protected":false},"excerpt":{"rendered":"Anyone up for a classic break-and-retest play? This might be a good chance to catch the new trend on EUR\/CAD. Here are the correction levels I\u2019m watching on the pair\u2019s 4-hour time frame. EUR\/CAD: 4-hour EUR\/CAD 4-hour Forex Chart This pair just breezed through the resistance around the 1.3300 handle a few days back, which […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[309],"tags":[],"_links":{"self":[{"href":"https:\/\/mudassirbackup.infinitycodestudio.com\/index.php\/wp-json\/wp\/v2\/posts\/10097"}],"collection":[{"href":"https:\/\/mudassirbackup.infinitycodestudio.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mudassirbackup.infinitycodestudio.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/mudassirbackup.infinitycodestudio.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/mudassirbackup.infinitycodestudio.com\/index.php\/wp-json\/wp\/v2\/comments?post=10097"}],"version-history":[{"count":0,"href":"https:\/\/mudassirbackup.infinitycodestudio.com\/index.php\/wp-json\/wp\/v2\/posts\/10097\/revisions"}],"wp:attachment":[{"href":"https:\/\/mudassirbackup.infinitycodestudio.com\/index.php\/wp-json\/wp\/v2\/media?parent=10097"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mudassirbackup.infinitycodestudio.com\/index.php\/wp-json\/wp\/v2\/categories?post=10097"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mudassirbackup.infinitycodestudio.com\/index.php\/wp-json\/wp\/v2\/tags?post=10097"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}](\"https:\/\/bpcdn.co\/images\/2022\/10\/10193151\/EURCAD_2022-10-11_07-27-28.png\"){kind=link}