EUR/CAD Long-Term Trend: Bearish
Key Resistance Levels: 1.51479, 1.52258, 1.52982
Key Support Levels: 1.50206, 1.49235, 1.48893
Daily Chart:
The price on the higher time frame has been in a downtrend after facing resistance at 1.51564 level. The pair has continued to trade below this major level which suggests further trend continuation.
EUR/CAD Medium-Term Trend: Bearish
4-Hour Chart:
On the lower time frame, the pair is moving in the major trend’s direction. It recently broke a trendline after taking liquidity from the resistance area and formed a supply zone. As of now the pair might retest the zone before continuing the momentum.
Signal Idea:
Sell Limit Order @ 1.50920
TP @ 1.50284
Stop Loss @ 1.51616
Trade Safely 🙂