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EURCAD is facing bearish pressure, potential for downside!

Short
Euro / Canadian Dollar (FX:EURCAD)  
TradeGATEHub  
FX:EURCAD   Euro / Canadian Dollar
Trend Analysis Harmonic Patterns Chart Patterns EUR CAD eurcadshort
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trendanalysis harmonicpatterns chartpattern eur cad eurcadshort
Prices are facing bearish pressure from horizontal pullback support in line with 61.8% Fibonacci retracement. Prices might push donw towards horizontal swing low support in line with 100% Fibonacci extension and 127.2% Fibonacci retracement. If prices push up further, prices might face resistance from horizontal swing high resistance in line with 78.6% Fibonacci retracement and 61.8% Fibonacci extension. EMA is also above prices, showing a bearish pressure for prices.
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