Following market open this morning, the currency pair EUR/USD formed bullish engulfing, pulling back from the trendline of ascending channel and broken horizontal level at 1.1745. These signals signify a possible growth of single currency even at market opening on Monday:

In the weekly time frame, the currency pair EUR/CAD pulled back from the broken ascending channel:

In daily chart, the rate has formed bearish engulfing implying a potential drop of the pair. It is also noteworthy that rate tends to get back to the middle point of engulfing to go down afterwards. Here the middle point of engulfing is represented at the level 1.5255:

Please note that this material is provided for informational purposes only and should not be considered as investment advice. Trading in the financial markets is very risky.

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