The EURCAD has fallen much lower during yesterdays session and in the process has smashed through support. Take note the bearish rejection candle that kicked this most recent move lower into action.
Price Action traders could look to trade with this very strong down momentum by waiting for retraces higher into the new resistance area. Traders could look to sell any strength on the intraday charts of simply wait for the daily chart to produce Price Action.
Keep an eye on this blog for future updates.
EURCAD DAILY CHART
EURCAD 4HR CHART
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