Following the big moves in euro after yesterdays european meeting and the Euro spiking higher on lower than expected levels of Quantative easing being announced. The move higher has taken Euro Cad to the upper levels of the as per our trading view chart work. This coincides with extreme overbought levels on Stochastics and declining .
Entering a short here provides a setup should the hold and the pair create another new low.
If you are interested in trying out a free 30 day trial of our work then please get in touch
good luck trading