MujkanovicFX

EURCAD Sell Setup: Breakout with pullback

Short
FX:EURCAD   Euro / Canadian Dollar
The EURCAD pair formed a tradeable short setup after breaking below a strong horizontal support level and completing a pullback with a daily pinbar candlestick.

Previously, the pair broke below a rising trendline, suggesting further weakness.

Recovering oil prices support a stronger Canadian dollar in the coming period.

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