Get started
FxWirePro

EUR/CAD break below 200-DMA and cloud, targets 61.8% Fib

Short
Euro / Canadian Dollar (FX:EURCAD)  
FxWirePro  
FX:EURCAD   Euro / Canadian Dollar
Trend Analysis Chart Patterns Technical Indicators EUR CAD EURCAD eurcadshort
3
0
trendanalysis chartpattern indicator eur cad eurcad eurcadshort
- The pair has shown a decisive break below 200-DMA
- Price action has dipped below daily cloud
- Momentum bearish, RSI and Stochs sharply lower
- MACD has shown a bearish crossover on signal line and we see -ve DMI dominance

Good to stay short around 1.5220/30, SL: 1.53, TP: 1.5150/ 1.5095
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.