Technician
Short

EURCAD : Looking For a New Bearish Wave

FX:EURCAD   Euro Fx/Canadian Dollar
400 1 8
The price is retracing towards the broken major support area , which will probably form a resistance among 1.5270-1.5300 area. I look for a new bearish push towards the recently recorded lows around 1.5000 level.
A break back above 1.5400 will probably signal a retest of 1.5585 high.

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There is also bearish divergence on RSI
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