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EUR/CAD Technical Analysis

Short
Euro / Canadian Dollar (OANDA:EURCAD)  
traderpulse  
OANDA:EURCAD   Euro / Canadian Dollar
Chart Patterns Trend Analysis Technical Indicators EURCAD eurcadshort eurcadanalysis eurcadsell eurcadforcast eurcadlong eurcadtrade eurcadidea eurcadsetup
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chartpattern trendanalysis indicator eurcad eurcadshort eurcadanalysis eurcadsell eurcadforcast eurcadlong eurcadtrade eurcadidea eurcadsetup

The counter is currently sliding down in a descending channel.
It hit the upper parallel and is coming down strongly.
Further, the RSI indicator has formed a head and shoulder pattern.
Hence, we expect the pair to be bearish in the near-term.
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