EURCAD SELL SETUP
Short-term (intraday and daily) trend oscillators have moderated but bearish weekly and monthly DMI readings imply that this market retains a lot of underlying, downward momentum which will leave the EUR facing firm resistance on minor gains and ongoing downside risk.”
Stiff resistance above the market remains intact at 1.3290/00. At the very least, the EUR needs to regain – and hold above – this point to establish a stronger base for a reversal in what is now a very extended run lower in the EUR.
Stiff resistance above the market remains intact at 1.3290/00. At the very least, the EUR needs to regain – and hold above – this point to establish a stronger base for a reversal in what is now a very extended run lower in the EUR.
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.