The EURCAD attempts to regain the bearish bias – Analysis – 12-7-2019
Economies.com
2019-11-11 07:51AM UTC
The EURCAD pair provides several negative closes below the bearish channel’s resistance at 1.4685 level, to confirm its surrender to the bearish bias domination, but the fluctuation of the price below50% Fibonacci correction level at 1.4590 will increase the chances for reaching the negative targets at 1.4495 and 1.4435.
And stochastic reach to the oversold level, to increase the negative pressures, providing a new negative momentum to confirm its readiness to record the mentioned negative targets.
The expected trading range for today is between 1.4590 and 1.4500
The expected trend for today: Bearish
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