Well, in this simple and technical analysis, we have that EUR/CAD is in the descendent triangle, and there, it's a great possible that EUR/CAD how a signs of go on short. Also, in weekly we have in the descendent channel and bearish, so, the consecuence are very bearish for this par. Also, the most important is using the Fibonacci, but I can't entry in the middle because EURCAD it's may be up or down the price, the only we need is to stay watching what EUR/CAD do, if EUR/CAD leave at the diagonal line of sell, we can to put in short again and keep to run the position in short, because the Daily is bearish.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.