EURCAD; Vulnerable To Further Losses

FX:EURCAD   Euro / Canadian Dollar
This pair has been in a declining channel. The recent rise does look to be rather corrective, rather than impulsive. Thus, as long as the channel holds, we favor short positions, especially at the top area of the two channels shown on the chart, targeting the low area of the larger channel.

Good luck,

Cyclical Waves Group


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