EURCAD Bearish Rollercoaster

٩ يونيو ٢٠٢١

A higher time-framed bearish pennant has formed ,with CAD Interest rate statement underway ,we can expect the continuation to be executed by the bear and taking charge for a considerably long period towards the 1.40000 levels. Not only the fibonacci levels have proclaimed the movement but also strong support has been immuted into a resistance which is holding strong despite the weak employment data for May '21.