WallStreetIntelligence

EUR/CAD - Ongoing Short Break

Short
FX:EURCAD   Euro / Canadian Dollar
EUR/CAD - Ongoing Short Break

> Bullish Trendchannel broken to the downside
> last higher low invalidated
> POC above current price
> Small bearish trendchannel established

EUR/CAD is the mirror image of CAD/CHF (which in turn looks long).

The current market environment is rocky, so use proper risk management if you position yourself in the short direction.

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