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EURCAD approaching resistance, potential drop!

Short
Euro / Canadian Dollar (FX:EURCAD)  
easyMarkets Broker  
FX:EURCAD   Euro / Canadian Dollar
Trend Analysis Harmonic Patterns Chart Patterns EURCAD EUR CAD eurcadlong eurcadshort
45
0
trendanalysis harmonicpatterns chartpattern eurcad eur cad eurcadlong eurcadshort
EURCAD is approaching our first resistance at 1.5033 (horizontal overlap resistance, 61.8% Fibonacci extension, 23.6% Fibonacci retracement) where a strong drop might occur to our major resistance at support at 1.4925 (horizontal swing low support).
RSI (34) is also approaching resistance and ichimoku cloud is also showing signs of bearish pressure.
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