DavidBelleFX

EURCAD potential descending triangle forming

FX:EURCAD   Euro / Canadian Dollar
EURCAD             is potentially forming an interesting descending triangle . A break of the structure to the upside could see a continuation of the trend.

UPDATE: the breakout has occurred. Many believe EURCAD             has bottomed. Something to think about, possibly.

As of this update, price is resting at approx +80 pips.

UPDATE 2: Price came back to test the trendline and the breakout has momentum behind it.

Form your own opinions. This is not to be interpreted as investment advice.

Trading leveraged products carries a potentially high level of risk. Losses may exceed deposits.
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