ForecastCity

Don't miss the great sell opportunity in EURCAD

Short
FX:EURCAD   Euro / Canadian Dollar
Trading suggestion:
. There is still a possibility of temporary retracement to suggested resistance line (1.5670). if so, traders can set orders based on Price Action and expect to reach short-term targets.

Technical analysis:
. EURCAD is in a range bound and the beginning of downtrend is expected.
.The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 50.

Take Profits:
TP1= @ 1.5525
TP2= @ 1.5330
TP3= @ 1.4975

SL: Break Above R2

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