Euro / Dollar Canadien
Short

EURCAD Falling further out of Channel

75
The EUR took another hit from the Loonie last week , as price has now moved from 1.48 to 1.45 over the last 2 weeks.

The bias is short and entry would be considered

1. Enter - 1.46 as support turns resistance

2. Target - d point , which coincides with monthly S4. ( yes it will take many weeks)

3. Stop - above monthly R1

RR = 3+

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