Potential reversal for EURAUD for FOREXCOM:EURCAD by Erady_Pascal

trendanalysis chartpattern eurcad eurcadlong eurcadanalysis eurcadforecast fallingwedge

EURCAD is now trading on daily support and the price is trading in the falling channel/wedge. What is more interesting is the divergence shown by an Awesome Oscillator. This indicates exhaustion of bearish momentum and more buying pressure coming in. Thus, I expect a reversal from this area.

What is your opinion on EURCAD?
Nice Trading!!!!

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