EURCAD holding below descending trendline resistance. Price is below moving average as well. We see a possibility of a drop below our 1st resistance at 1.48866 towards our 1st support at 1.48562.
Trading Recommendation
Entry: 1.48866
Reason for Entry:
61.8% Fibonacci retracement, descending trendline resistance
Take Profit: 1.48562
Reason for Take Profit:
Graphical swing low support
Stop Loss: 1.49007
Reason for Stop Loss:
Graphical swing high resistance