EURCAD has broken below the of 1.4060-90. This strong has held nicely since the beginning of Feb. And of most importance, there are at least 5 touches in this red rectangular zone since Feb.
With 5 or more touches, a breakdown of this zone is a strong technical indication. If EURCAD rallies to re-test this zone, expect it to become a strong resistance. Look to short if EURCAD retraces to the 38.2% FIB retracement at 1.4090-00.
Short EURCAD 1.4090-00