justatrader
Short

EURCAD Could test 1.46 if resistance is established at 1.52

FX:EURCAD   Euro Fx/Canadian Dollar
163 0 8
Price has been trending strongly on declining momentum and a top looks to have been formed for the moment. 1.52 - 1.516 is a key zone to watch for. More importantly, the minor support at 1.52 - 1.5203 that has been formed. If resistance is established here, EURCAD             could decline down to 1.46. RR is very favorable, but due to thin trading conditions, exit only on a Close above 1.532.
Comment: Adding the Median line, the price levels look more clear with the ML likely to act as a price guide on the expected decline.
snapshot
Trade active: Trade in play..
Trade active: Move stops to 1.5277
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