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linofx1
Mar 25, 2024 12:35 AM

EURCAD : Bearish Outlook After Massive Breakout Short

Euro Fx/Canadian DollarFXCM

Description

↪️EURCAD was consolidating within a horizontal range for nearly two weeks before breaking below the support last week.

The former support level has now become a significant resistance level, and I expect the currency pair to move lower towards 1.4680 / 1.4656.
Comments
TheFxAce
The risks in the market you’ve highlighted make selling seem like a smart move.
Stone_Haven
nice analysis
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