EUR/CAD Long-Term Trend: Bearish
Key Resistance Levels: 1.43894, 1.44267, 1.45459
Key Support Levels: 1.43305, 1.43159, 1.42698
The price on the higher time frame has been in a downtrend recently after it tested a resistance level of 1.48001 and reversed. The pair has continued to break a few support levels which suggests further trend continuation.
EUR/CAD Medium-Term Trend: Bearish
On the lower time frame, the pair is moving in the major trend’s direction. It broke a consolidation zone of 1.45459 and 1.44267 and has sustained below that. As of now the pair has broken and retested a minor level of 1.43894 before continuing the momentum.
Sell Stop Order @ 1.43712
TP @ 1.43407
Stop Loss @ 1.44017
Trade Safely 🙂