EURCAD - BEARISH TREND
DESCRIPTION:
The counter EURCAD is maintaining its price below the flat-top resistance line at the price of 1.5379. The resistance line has been tested twice . Today the counter hit the resistance line and the price started falling downwards. The resistance line is very strong so that the counter can't able to break the line. The downpour of the price indicates the bearish trend of the counter may continue further. The stochastic indicators are at level 80 which gives additional support to the description.
Major Levels of this counter:
R2 - 1.5453
R1 - 1.5416
PP - 1.5353
S1 - 1.5317
S2 - 1.5254
The counter EURCAD is maintaining its price below the flat-top resistance line at the price of 1.5379. The resistance line has been tested twice . Today the counter hit the resistance line and the price started falling downwards. The resistance line is very strong so that the counter can't able to break the line. The downpour of the price indicates the bearish trend of the counter may continue further. The stochastic indicators are at level 80 which gives additional support to the description.
Major Levels of this counter:
R2 - 1.5453
R1 - 1.5416
PP - 1.5353
S1 - 1.5317
S2 - 1.5254
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