EvanJones

H&S Potentially forming on EURCAD

FX:EURCAD   Euro / Canadian Dollar
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1
The last forming shoulder looks to confirm the right hand shoulder which would imply a drop equal to the height of the head. Support for the arguement would be that the Euro is much weaker against the gaining Canadian Dollar and there I would expect a fall in this.

Also, looking at the Committement of Traders release, there is evidence that more support is in Longs on Canadian Dollar compared to Euro adding further support for my reasoning

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