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francesgurton

EURCAD - Short

Short
Euro / Canadian Dollar (FX:EURCAD)  
francesgurton  
FX:EURCAD   Euro / Canadian Dollar
Trend Analysis Chart Patterns Technical Indicators Technical Analysis Ascending Channel euro eurocad Fibonacci Retracement
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trendanalysis chartpattern indicator technicalanalysis ascendingchannel euro eurocad fibonacciretracement
Possible short opportunity on EURCAD.

- Price action; in line with the downtrend and 5th touch on the trend line
- Confluence between 200 day EMA, and indicators
- Rejection at 78.6% Fibonacci level
- Fundamentals; EUR weak due to poor vaccine rollout
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