Euro / Canadian Dollar
Short

DeGRAM | EURCAD consolidation market

623
EURCAD is consolidating between 1.4600 and 1.4400 level .

Price action has previously reacted several times to this zone.

Price action is likely to move down from the confluence zone: the resistance and the lower channel's border + 61.8 % fibo.

We expect a pullback from the resistance level .



-------------------

Share your opinion in the comments and support the idea with like. Thanks for your support!

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.