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EURCAD Breaks Through Important Trend Line

Discussion in 'Technical Analysis' started by FXStreet_Team, Feb 18, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    The past few months have been relatively positive for the EURCAD as the pair has trended sharply higher in response to a sliding Canadian economy. However, the pair’s price action has just broken down and subsequently penetrated the bullish trend line, in a move that could see it tumbling back towards the low 1.40’s. Subsequently, the coming session is likely to be highly illuminating as the pair faces both technical and fundamental pressures that could see price action falling further. In

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