This pair is currently pushing up very strongly on the . But, it has entered into an area which I called the Monthly . This is an area that the EURCAD has tested multiple times in the past as resistance and is possibly an area that we could see a nice Counter-Trend bounce out of this market. For that reason, I will be looking in this area for possible short trades this week.
Monthly Resistance Zone- (1.55160-1.61720)