EURCAD Falling further out of Channel
The EUR took another hit from the Loonie last week , as price has now moved from 1.48 to 1.45 over the last 2 weeks.
The bias is short and entry would be considered
1. Enter - 1.46 as support turns resistance
2. Target - d point , which coincides with monthly S4. ( yes it will take many weeks)
3. Stop - above monthly R1
RR = 3+
The bias is short and entry would be considered
1. Enter - 1.46 as support turns resistance
2. Target - d point , which coincides with monthly S4. ( yes it will take many weeks)
3. Stop - above monthly R1
RR = 3+
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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.