FxWirePro
Short

EUR/CAD short setup

FX:EURCAD   Euro / Canadian Dollar
Cloud caps upside in EUR/CAD, technical studies bearish .
After struggling at major trendline resistance, the pair has slipped lower to break daily cloud.
Scope for test of trendline at 1.4625. Violation there then eyes 200-DMA at 1.4457.
Focus on Eurozone final CPI , trade balance and ECB monetary policy meeting minutes for further direction.

Support levels - 1.4776 (converged 50&100 DMA), 1.4769 (cloud base), 1.4625 ( trendline ), 1.4457 ( 200-DMA )
Resistance levels - 1.4869 (cloud top), 1.4915 (5-DMA), 1.4990 ( trendline )

Good to go short on decisive break below 1.4776, SL: 1.4870, TP: 1.4625/ 1.4460
SL- about to kick in
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