EURCAD: Bearish Continuation from Supply Zone

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The EURCAD pair is trading within a descending channel, indicating a bearish market structure. The price is currently approaching a key supply zone, which aligns with the channel's upper boundary.

If the price confirms rejection at the supply zone, I anticipate a bearish move targeting the 1.46527 level, which represents a logical target for this setup.

This setup suggests a continuation of the bearish trend. Traders should watch for confirmation signals, such as bearish candlestick patterns or rejections around the supply zone, before considering short positions.

14 Oca

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