Category: Forex News, News
Forecast update for crude oil-17-04-2025
EURCAD provided bullish trading recently, to settle above the previously broken bullish channel’s support at1.5625 and record some gains by its stability near 1.578
The price success to settle above the mentioned support and stochastic attempt to provide positive momentum, will increase the efficiency of the bullish track, to expect attacking the barrier at 1.5880 soon, and surpassing it will ease the mission of recording new gains that might begin at 1.5980, while the price return to settle below the bullish channel’s support will cancel the bullish suggestion, which pushes the price to suffer several losses by reaching 1.5510 and 1.5390.
The expected trading range for today is between 1.5700 and 1.5880
Trend forecast: Bullish
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Written by : Editorial team of BIPNs
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