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EUR/CAD STRUCTURE MULTI-TIMEFRAME ANALYSIS

Short
Euro / Canadian Dollar (FX:EURCAD)  
ProSignalsFx Updated   
FX:EURCAD   Euro / Canadian Dollar
Trend Analysis Chart Patterns Technical Indicators EURCAD euro canadiandollar short horizontalresistance Technical Analysis signals
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trendanalysis chartpattern indicator eurcad euro canadiandollar short horizontalresistance technicalanalysis signals
EUR/CAD pair is trading in a falling channel which is also a bullish flag on a daily timeframe.

The price is now stuck within an important horizontal structure.
snapshot

At a closer inspection, the price is now above the local resistance line, so, go short only If there is a breakout below the structure, as it is shown on the chart above.

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