- The pair is being traded at 1.4838 at the time of this report.
- EUR has soared recently against other majors
-CAD has been under pressure recently in light of recent data and Oil price decline last week .
- Yet 1.485 is a strong resistance level and hard to see the pair breaking through this level.
Bearish structure may start forming, prices may break bellow the alligator.
Short setup - Swing trading
- EUR has soared recently against other majors
-CAD has been under pressure recently in light of recent data and Oil price decline last week .
- Yet 1.485 is a strong resistance level and hard to see the pair breaking through this level.
Bearish structure may start forming, prices may break bellow the alligator.
Short setup - Swing trading