theforexportal

Unclear direction for EURCAD

FX:EURCAD   Euro / Canadian Dollar
With the DTF TDI signalling SELL and the H4 TDI signalling BUY its unclear which way this pair are headed. EURCAD is in a down trend as long as we remain below the 200 sma on H4 and DTF so the BULLS will need to take the price above 1.4279 to change the BEARISH picture.
Price may head north initially but as long as we remain under 1.42 any pullbacks should be sold
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