EURCAD Analysis: Bearish Continuation Upto 1.46000

Jun 16

This EURCAD 4-hour chart analysis indicates a bearish continuation setup. Multiple Break of Structure (BoS) and Change of Character (ChoCh) levels suggest strong bearish momentum. Price is trading below key moving averages and encountering Fair Value Gaps (FVGs) acting as resistance. The Relative Strength Index (RSI) supports the bearish outlook. Immediate targets are 1.46500 and potentially 1.46000. Look for short entry opportunities on retracements to resistance levels.