EURCAD. Short Opportunity.

2 Eyl 2018

Another pair on my watchlist for the upcoming trading week. It's EURCAD and it looks like it is breaking out of a bearish flag. We can see the confluence there, with the descending trend line from the Daily chart, the previous support zone which has turned into resistance and also the 61.8 fib. The point of least resistance here is down, at least until the support level at 1.47988.