Lingrid | EURCAD broke KEY Trendline SUPPORT
EURCAD has established a divergence and formed a double top at the resistance zone. It recently broke through a trendline that had been supporting the price for an extended period. This break and subsequent close below the trendline signal a bearish outlook. Additionally, the price bounced off the resistance area, leading to a bearish impulse leg. I anticipate the market will move downward towards the support level, retracing from resistance to test the channel boundary. My goal is to support level at 1.50650Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 👩💻
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