fxanalysis

EURCAD: Potential Breakout

FX_IDC:EURCAD   EURO / CANADIAN DOLLAR
14 0 0
A falling wedge has formed on the 4 hourly chart, typically this suggests a breakout out to the upside but has a poor success rate, thus remaining neutral until a breakout and a retest occurs. However I believe there is a strong bearish sentiment due the bounce off the long term channel.
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