EUR/CAD chart - Trading View
- EUR/CAD recovery capped below cloud, intrday bias bearish.
- The pair finds sellers at highs, slips lower from session highs at 1.5023 to trade at 1.4984 at 07:45 GMT.
- The pair is extending weakness for the 5th straight session, technical support further downside.
- Stochs and RSI are sharply lower and volatility is rising. Price action below major moving averages.
- The pair has retraced below daily cloud and 200-DMA, eyes trendline support at 1.4945.
- Violation at trendline support will see further downside. Bearish invalidation only above 200-DMA.
Call update: Our previous call (https://www.econotimes.com/FxWirePro-EUR-CAD-Trade-Idea-1537665) is approaching final targets.
Recommendation: Book partial profits at lows. Stay short for further downside.
For details on FxWirePro's Currency Strength Index, visit http://www.fxwirepro.com/currencyindex.


FxWirePro: GBP/USD recovers but bears are not done yet again
FxWirePro: GBP/NZD range to extend until there is game changing news
FxWirePro: AUD/USD downside pressure builds, key support level in focus
FxWirePro- Major Crypto levels and bias summary
FxWirePro- Major Crypto levels and bias summary
FxWirePro: USD/CAD runs out of steam but maintains bullish outlook
FxWirePro: EUR/ NZD consolidating around 2.0180 room for further gains
FxWirePro: EUR/AUD gaining momentum for a move towards 1.6800 level
FxWirePro: USD/ZAR fibo rejection triggers sizeable pullback
FxWirePro: EUR/AUD eases slightly but trend is still bullish
FxWirePro- Major European Indices
FxWirePro: GBP/NZD remains buoyant, looks to extend gains
FxWirePro- Woodies Pivot(Major)
FxWirePro: USD/ZAR sustains gains as uptrend remains strong
FxWirePro: USD/CNY gains some ground but bearish outlook persists 



