The secondary trend of
EUR/CAD is bearish on charts and price is trading above the trend
line in its 4 hourly chart. In 4 hourly chart the price is
sustaining above 200 day SMA and taking resistance of 50 day SMA
indicating downtrend of the pair. It is having an important
resistance at the level of 1.5605 and support at the level of 1.5410.
If it breaks its support level on the downside and sustains below it
then we can expect it to show further bearish movement in the pair.
No comments:
Post a Comment