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BayonetMarkets

EURCAD Short

Short
Euro / Canadian Dollar (OANDA:EURCAD)  
BayonetMarkets  
OANDA:EURCAD   Euro / Canadian Dollar
Trend Analysis Chart Patterns EURCAD eurcadshort EUR CAD Bearish Patterns selloff
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trendanalysis chartpattern eurcad eurcadshort eur cad bearish selloff
This pair is forming lower highs and we are seeing bearish candles appear on the trendline.
RSI resistance suggests a sell opportunity too.
The 50MA is currently under the trading price, but we are expecting a strong CAD retail sales print at 12:30 which should help drive the price lower.
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