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EURCAD: Important Decision Ahead! Your Plan: 🇪🇺🇨🇦 EURCAD is trading in a long-term bearish trend. The pair started to consolidate within a horizontal trading range on a daily from the beginning of April. Now the price is approaching its support. From a current perspective, I see two potential scenarios: If the price breaks and closes below the support of the range on a daily, then a bearish trend continuation will be expected to 1.325 The price may respect the underlined structure. To catch a pullback from that, watch a falling trend line on a 4H time frame. If the price breaks that to the upside, I will expect a bullish move at least to 1.35 Wait for a breakout and then follow the market. What do you expect? ❤️If you have any questions, please, ask me in the comment section. Please, support my work with like, thank you!❤️
Short
by VasilyTrader
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