EURCAD: Massive Bearish Breakout Confirmed
EURCAD is experiencing strong bearish pressure.
First, the market broke through a solid rising trend line on the 4-hour chart.
Second, it also violated a significant horizontal demand zone.
These broken structures have created an expanding supply zone.
I anticipate a bearish movement toward 1.4948, which is the next horizontal support level.
First, the market broke through a solid rising trend line on the 4-hour chart.
Second, it also violated a significant horizontal demand zone.
These broken structures have created an expanding supply zone.
I anticipate a bearish movement toward 1.4948, which is the next horizontal support level.
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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.
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.