EURCAD is sitting at major support right now and could go either way, RSI is showing positive divergence but the trend is clearly down. I would wait for bullish PA here or a break then re-test of support turning into resistance. Targets to the downside would be the 1.27 and 1.618 extensions. Upside targets would be to around 1.46 area. Stop either side of structure depending on long or short position.
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.