EUR/CAD May fall 50-100 pips
Price is forming a symmetrical triangle and may consolidate further before a breakout. Support at 1.5510 has been broken previously, overall the daily trend is upwards but a recent down trend could take price to further lows.
Intraday - 4H
Trade: Sell
Entry 1.5491
Sell or Below: 1.5510
Target TP: 1.5439 & 1.5352
Pivot and Support 1.5510
Alternative scenario:
Trade: Sell
Bur or Above: 1.5510
Target TP:1.5581 & 1.5669
Price is forming a symmetrical triangle and may consolidate further before a breakout. Support at 1.5510 has been broken previously, overall the daily trend is upwards but a recent down trend could take price to further lows.
Intraday - 4H
Trade: Sell
Entry 1.5491
Sell or Below: 1.5510
Target TP: 1.5439 & 1.5352
Pivot and Support 1.5510
Alternative scenario:
Trade: Sell
Bur or Above: 1.5510
Target TP:1.5581 & 1.5669