EUR/CAD rising inside minor impulse wave (iii)
- EUR/CAD rising inside minor impulse wave (iii)
- Next buy target - 1.5000
EUR/CAD continues to rise inside the minor impulse wave (iii) – which belongs to the impulse wave 3 of the sharp intermediate impulse wave (C) from the end of April. The price earlier broke through the resistance level 1.4670 (which reversed the previous waves (i) and (b). The breakout of the resistance level 1.4670 accelerated the active impulse wave 3- which then broke above the next resistance level 1.4800 (top of impulse wave 1 from May).
EUR/CAD is expected to rise further in the direction of the next buy target at the round resistance level 1.5000 (which stopped and reversed the previous sharp B-wave in April, as can be seen below).