EURCAD might go up slightly before it breaks down

٥ أغسطس ٢٠٢٠

CCI Indicator shows divergence in the last few hours of trade. If we ignore the big spike up/down that happened on 30 July, the true areas of support and resistance continue within the channel and we might see a small last push up. Trade with caution as the spike on 30 July formed a V-shape turn which might mean that the bears are starting taking control and the break down is also imminent.