Retracement to 61.8%
Bearish flag formed, break out imminent
Bearish divergence, price makes lower low, RSI makes higher low. price fails to break higher than 1.438
Target 1: 127.2% @ 1.39126, Target 2: 161.8% @ 1.37854
Not mentioning price below 200 Period EMA across H4 & D1
{A break 1.41297 is essential for price to head lower as this has been a support level that EURCAD has been ranging failing to break since last week}
Bearish flag formed, break out imminent
Bearish divergence, price makes lower low, RSI makes higher low. price fails to break higher than 1.438
Target 1: 127.2% @ 1.39126, Target 2: 161.8% @ 1.37854
Not mentioning price below 200 Period EMA across H4 & D1
{A break 1.41297 is essential for price to head lower as this has been a support level that EURCAD has been ranging failing to break since last week}