EUR/CAD Analysis, Chart, and Trading Idea

Analytics for EUR/CAD Forex pair, based on complex analysis of modified waves, Fibonacci levels and price channels
 

The descending truncated wave structure finished with the breach of the sloping channel. There is a bullish divergence on the Awesome Oscillator, and the Stochastic Oscillator signals the oversold state.

Trading idea:

Buy at the formation of the ascending wave structure;

Stop Loss: 1.4391;

Target price levels: 1.4480; 1.4615.