EURCAD to Drop Below 1.6050

Sep 07 at 05:22
Vues 35
1 Replies
forex_trader_3826673
Membre depuis Aug 25, 2024   posts 15
Sep 07 at 05:22 (édité Sep 05 at 19:15)

EURCAD has been pushing higher, but I believe a reversal is imminent. I expect the pair to drop below 1.6050 by next week.

forex_trader_3826673
Membre depuis Aug 25, 2024   posts 15
Sep 14 at 23:09

Last week’s outlook: I expected EURCAD to reverse lower and break below 1.6050 within the week.


What happened: Instead of dropping, the pair stalled — the uptrend paused, and the price has been consolidating for the past 7 days.


Current view: Consolidation often signals an upcoming strong move. I remain bearish and still expect EURCAD to break below 1.62 soon.


Invalidation: If EURCAD closes above 1.6350, I will reconsider my bearish outlook.

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