chris333
Short

More Downside Possible on EURCAD

FX_IDC:EURCAD   Euro / Canadian Dollar
The Euro and Canadian Dollar crossrate could be setting up for continuation of its selloff.

The Minor Pivot Stack is providing resistance and the downtrend is still intact.

Again, as we almost always do, wait for weakness to be confirmed through the recent low before entering short at 1.49480.

Then place a stop loss at 1.50540 and a profit target at 1.47750, for a good risk reward setup.
I just entered to long EURCAD based on her relative price to EURUSD.
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