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Tuesday, July 25, 2017

EUR/CAD: Short Position Opportunity

There is Short Position Opportunity for EUR/CAD.

The pair have been in bearish trend for the last 4 days and technically will keep on going the bearish trend for today.

EUR/CAD will most probably try to move into the yellow zone and reach 1.45497.

Forex Technical Analysis

Signal for today:
Sell @ 1.45815
SL @ 1.46169
TP @ 1.45676

However, shall the pair break above 1.45925, the bearish scenario might be canceled for today. In this case, we will move our TP to the opening position which is at 1.45815.