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FxWirePro
Jul 27, 2018 7:19 AM

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

Euro Fx/Canadian DollarFXCM

Description

- 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
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