TahirKhan

EURCAD .. More dips before we get to see buyers emerging...

FX:EURCAD   Euro Fx/Canadian Dollar
EURCAD             ...

Looking up on daily & 8 hr             ; gets a feeling a move to 406X or around is right around the corner..
Extended supp runs as low as 100 pips lower to 396X-7X..
For now 406X likely coming into play and rather sooner with buyers likely to emerge to it. The lvl             comes in as a channel base and can see price propping back towards 1.44 handle.
Overall picture is bearish for a possible H&S pattern looms on the pair..

http://i.imgur.com/i8E9cd2.png
EURCAD             - Daily - 50XX break pretty much wanting to make the full tgt             run to around mid 40XX

http://i.imgur.com/MK4aROg.png
http://i.imgur.com/4dgnA7Y.png
EURCAD             8 hr             - Similar view with extended down to previous low print or 3960-7X

http://i.imgur.com/kSev6jJ.png
EURCAD             - Daily - Possible massive H&S

http://i.imgur.com/J6sqRMg.png
EURCAD             - 4 hr             - Current channel play - Bearish channel
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