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JoeChampion

EURCAD Potential Downsides

Short
Euro / Canadian Dollar (FX:EURCAD)  
JoeChampion  
FX:EURCAD   Euro / Canadian Dollar
Trend Analysis Beyond Technical Analysis Technical Indicators EURCAD EUR CAD SELL short Bearish Patterns Technical Analysis Contains image
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trendanalysis beyondta indicator eurcad eur cad sell short bearish technicalanalysis containsimage
Hey Traders, our focus is on monitoring EURCAD for a potential selling opportunity within the 1.45000 zone. EURCAD is currently in a downtrend and appears to be consolidating while approaching a significant support and resistance zone at 1.45, which aligns with the major trend. Additionally, we should take into account the potential hawkishness of the Bank of Canada (BoC) when considering long positions on CAD.
Trade safe, Joe.
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