Mihai_Iacob

EurCad could drop from resistance zone

Short
FX:EURCAD   Euro / Dollar Canadien
At the beginning of September, EurCad broke under the rising trend line that kept the pair elevated for a year.
After touching and spiking under the important 1.4250 support zone, the pair started to reverse.
There is a high probability for this pair to start trading in a range and, considering the proximity of an important level of resistance, reversal could be next.
In conclusion, sales above 1.48 could present a good opportunity with great risk: reward

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