EURCAD is Bearish
A matured bearish divergence seems to be at play here, last low is broken successfully, and first lower low is printed. Price is defining a lower high currently, after which it will continue its move downwards as per Dow theory. Targets are mentioned on the chart.
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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.