. There is still a possibility of temporary retracement to suggested resistance line (1.4615). if so, traders can set orders based on Price Action and expect to reach short-term targets.
. EURCAD is in a range bound and the beginning of downtrend is expected.
. The price is below the 21-Day WEMA which acts as a dynamic...
EURCAD has recently broken through a thick cloud and now seems to be gaining bearish momentum.
Conversion line is below the base line with price still quite tight to the conversion line.
SL - 1.46629
TP - 1.45592