Key resistance on the EURCAD
The EURCAD cross is clearly bearish below 1.375, and renewed selling pressure would suggest a fall back to the 1.337 support. The daily RSI is also below a key resistance level. The current levels are attractive for short strategies with stops above 1.375 and a take profit at 1.339.
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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.