CADEUR in the Rising Wedge
The prices are in the rising wedge. We expect the prices will proceed in the rising wedge . RSI is overbought, and Aroon shows us that the value of the CAD is still increasing against the EUR.
We expect the price to retest the downward trendline as a support therefore it´s recommended to take a short position at the current levels as we got a bearish candle close yesterday which is a confirmation for a short.
We expect the price to retest the downward trendline as a support therefore it´s recommended to take a short position at the current levels as we got a bearish candle close yesterday which is a confirmation for a short.
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