EURCAD retested a significant level last week that triggered a 420p selloff and sellers printing a bearish pin bar. I’m eyeing the 1.4380 level that was the 2011 high. Strong support is at 1.4170 with a Daily close below targeting 1.4040 and then 1.3820 that are the 2016 and current 2017 lows. However, should this pair close above 1.4380 on the Daily chart it would negate my bearish outlook.


Source: Maryna

Leave a Reply

This site uses Akismet to reduce spam. Learn how your comment data is processed.