EURCAD – Definitely Bearish
The EURCAD is trading in a very strong bearish market condition, it was rejected from an important LT resistance level and just broke through an important support level:
The next LT support level is at 1.3593, around 280 pips away from where the market is trading right now. I will be looking for short opportunities in the EURCAD.
In the ST charts it is also trading below every important level.
Tags: EURCAD Analysis
I've been trading the markets for more than 15 years. I believe the best way to trade is by adapting to the market conditions. You can learn it too, join our community