EURCAD Analysis
My overall bias on EURCAD is bearish. After a bearish impulse I am now expecting a retracement to test the 61.8 fib level.
There is also a bullish divergence on a lower timeframe which may be the catalyst for the retracement. I am looking for price to make a retracement before then a bearish continuation. I am expecting price to make it's third touch of the trendline.
There is also a bullish divergence on a lower timeframe which may be the catalyst for the retracement. I am looking for price to make a retracement before then a bearish continuation. I am expecting price to make it's third touch of the trendline.
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