EURCAD The attention of institutions now seems to be turning toward Trump, who wants to impose strict measures to protect the US dollar. As a result, we can expect a decline in Western currencies and the CAD, which is not spared.
On a personal note, I believe that in the coming days, we could see a very dynamic waterfall drop.
For now, I’m leaving you with a setup that could be interesting for a swing trade. Good luck to everyone!
🔸 The price is testing the Rejection Zone (AOI) around 1.50300, showing signs of weakness. 🔸 Previous price action suggests sellers are stepping in at this level. 🔸 Expected scenario: A rejection from this area, leading to a drop towards 1.49530 - 1.49000 - 1.48638.
🛑 Invalidation: If price breaks above 1.50600 with strong momentum, the bearish setup may no longer be valid.
📊 Will EURCAD respect this rejection zone? Drop your thoughts below! 👇🔥