ChaosTrader63
Short

EUR vs CAD Bearish Divergance

FX:EURCAD   Euro Fx/Canadian Dollar
100 0 1
Looking at the EUR vs CAD on the daily time frame we can see that price is on a pretty nice uptrend which started on 8/16/2012. Price is currently bouncing on the previous months high level at 1.44397. This is the second attempt at violating this level as price has previously failed on 10/27/2013. There is also bearish divergence on the RSI which leads me to believe that we may see price drop from this level. Resistance with divergence leads me to look for a short opportunity. have a great trading day and God bless!
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