FX.co ★ EURCAD M15: Bearish Rectangle

According to the chart of M15, EURCAD formed the Bearish Rectangle. This type of a pattern indicates a trend continuation. It consists of two levels: resistance 1.4660 - 0.0000 and support 1.4651 – 1.4651. In case the resistance level 1.4651 - 1.4651 is broken, the instrument is likely to follow the bearish trend.