DavidBelleFX

EURCAD potential descending triangle forming

FX:EURCAD   Euro Fx/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.

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