EvanJones

EURCAD - A path of resistance ahead?

Short
FX:EURCAD   Euro / Canadian Dollar
64 views
6
The EURCAD since the French pre-general elections has made it rather bullish , however the gap, missed monthly and weekly pivot lie below and with oversold indications on the RSI indicating a retracement is due.

We are at the point where we are hitting the 50% a key retracement area in any leg of a financial instrument. There are multiple points of resistance and support at this 50% are so my intentions are to short this pair and aim for the missed monthly pivot below. A further continuation may proceed based on the up-coming elections in France?

Happy trading!

Comments

Home Stock Screener Forex Screener Crypto Screener Economic Calendar About Chart Features Pricing Refer a friend House Rules Help Center Website & Broker Solutions Widgets Charting Solutions Lightweight Charting Library Blog & News Twitter
Profile Profile Settings Account and Billing Referred friends Coins My Support Tickets Help Center Private Messages Chat Sign Out