EURCAD Daily Breakdown

As expected, we have seen price make a push below daily support where we are now seeing price test as resistance. I am expecting to see further decline down to next daily support area which is 1.45887 where I will be looking to go long. Daily support area 1.45887 also aligns with our preferred FIB reversal zone which is 61.8. We have also an MA rejection which further supports my theory of a push to the downside.

 

 

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