EURCAD getting ready for a sellof
Looking at a monthly timeframe, the pair has been going in a zig-zag direction. In March we touched on a major level of monthly resistance, Price found resistance on the level. Looking at the daily time frame, the pair is moving in a bearish channel. Today we see the pair coming closer to a daily resistance level. Where we are expecting to see the market respecting this level. Forcing the pair to continue with its bearish direction.
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