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EliteTradingSignals

EUR/CAD SENDS CLEAR BEARISH SIGNALS|SHORT

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Euro / Dolar Kanada (FX:EURCAD)  
EliteTradingSignals  
FX:EURCAD   Euro / Dolar Kanada
Trend Analysis Chart Patterns Wave Analysis EURCAD short SELL trading Bearish Patterns Forex forecast tecnhicalanalysis Contains image
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Hello,Friends!

EUR/CAD pair is in the downtrend because previous week’s candle is red, while the price is clearly rising on the 1H timeframe. And after the retest of the resistance line above I believe we will see a move down towards the target below at 1.462 because the pair is overbought due to its proximity to the upper BB band and a bearish correction is likely.

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Penafian

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