EURCAD Analysis
EURCAD has broken the horizontal support area after a long time in the 4-hour timeframe chart
After the confirmation of the Downward movement, EURCAD Sell signal was given.
EURCAD Update
EURCAD has Re-entered the Box pattern, which leads to the SL price. However, EURCAD still have Chances to fall again from the Resistance Area.
Reason : Due to Series of Economic news like below mentioned, market is not making a technical movements.
Germany Factory Orders MoM
Canada Employment Change
Canada Unemployment Rate
Canada Ivey Purchasing Managers Index (PMI)
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