EURCAD Short - Rebound to Pivot Short

Euro Fx/Canadian DollarFXCM

Description

⋅ Aug 20, 2015 6:18 AM

EURCAD is showing resistance around 1.4612 which has thus far contained price within a 5-week long daily chart channel. Divergence has been printed on the 1HR chart. I anticipate that if minor support is broken a retrace to 1.534 is likely.