EUR/CAD:SELL From Resistance Area 50% Fibo Trendline SHORT

2022年9月22日

Yesterday the EUR/CAD following the FOMC news release, had a Strong Push-down exactly on the levels we have drawn, Resistance Area, 50% Fibonacci level plus the Dynamic trendline. Today the Price is trying to recover from the situation but as you can see there are no clues for a change of tendency. Both the RSI and Stochastic indicator shows a Divergence and the last one is still in the Overbought area. The Candle in 8h shows a rejection in our attention area with a long spike.

Our forecast is about a continuation of the downtrend with a consequential bearish tuning of the price.

2022年9月22日

注释