AdrianRaymondFX
Short

Key resistance on the EURCAD

FX:EURCAD   Euro / Canadian Dollar
127 1 2
The EURCAD             cross is clearly bearish below 1.375, and renewed selling pressure would suggest a fall back to the 1.337 support. The daily RSI is also below a key resistance level . The current levels are attractive for short strategies with stops above 1.375 and a take profit at 1.339.
Good trade. Make another one :-) it is closing near the 0.786 retracement of LL August 15th to March 19th HH. Might form soon a Daily pattern :-)
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