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CyclicalWaves

EURCAD; Little Upside Potential Before Return Of Bears

Short
Euro / Canadian Dollar (FX:EURCAD)  
CyclicalWaves  
FX:EURCAD   Euro / Canadian Dollar
EURCAD eurcadshort
2
0
eurcad eurcadshort
It seems that this pair is declining in an impulsive fashion and is now in the 4th wave. We expect the price to turn south again at the start of the next week. If 1.4741 level is broken to the upside, this analysis is invalidated.

Break down of the regression channel can be considered as the short signal.

Good luck,

Cyclical Waves Group
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