The EURCAD provided many negative closings by fluctuating below the bearish channel’s resistance at 1.5060, to increase the chances of resuming the negative attack, waiting to record the main targets at 1.4925 and 1.4870.
We notice that stochastic crawling below 50 level, to increase the negative pressures on the price and provide new negative momentum to manage to reach the suggested targets.
The expected trading range for today is between 1.5050 and 1.4925
The expected trend for today: Bearish