EUR/CAD is in a Downtrend, following the descending channel.
The price has successfully completed the retracement move, the price is now intersecting the upper trend line.
I expect the price to sell until it reaches the bottom trend line, continuing the descending channel that is has been following.
The expected movement of the price is shown by the grey path drawn.
The price has successfully completed the retracement move, the price is now intersecting the upper trend line.
I expect the price to sell until it reaches the bottom trend line, continuing the descending channel that is has been following.
The expected movement of the price is shown by the grey path drawn.