EURCAD was likely to break lower as daily price action suggests the retracement has been too deep.
Typically, when price retraces too deep the trend tends to end. This is what we could be seeing here
on EURCAD with price heading towards the next support of 1.4980.
Typically, when price retraces too deep the trend tends to end. This is what we could be seeing here
on EURCAD with price heading towards the next support of 1.4980.