EUR/CAD BULLISH AND BEARISH ENTRY SETUPS

On EURCAD, we have a bearish setup. The price, following today's news and the tight monetary policy in the Eurozone, has reached a Forex48 Block, which is a zone around 1.4690, where we could look for a short trade entry point. Furthermore, if it continues to decline, we have another entry point at the level of 1.4570, where the price could potentially change direction and resume a bullish trend.

Let me know what you think about this trading scenario. Regards and happy trading from Nicola, the CEO of Forex48 Trading Academy.