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EURCAD – Still bearish

Looks like the EURCAD wants to resume its bearish market condition, it was already in a bearish condition but it retraced back a bit putting all short opportunities on hold:

I’ll start looking for short opportunities once it breaks the LT support level down (green lower level).

Trade Safe!

Raul Lopez
Forex Training

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This entry was posted on Tuesday, June 21st, 2011 at 9:29 am and is filed under Technical. You can follow any responses to this entry through the RSS 2.0 feed. Both comments and pings are currently closed.

3 Responses to “EURCAD – Still bearish”

  1. Anonymous says:
    June 21, 2011 at 8:31 pm

    or perhaps around 1.4025 area..!

    • Raul Lopez says:
      June 22, 2011 at 3:25 pm

      Hello Smi,

      Good luck with your trade… I wouldnt try a short in the EURCAD unless it breaks the ST support level, if it doesnt break it it might continue its way up until it finds the next LT resistance level… But thats just the way I see it…

      Good luck!

      Raul

  2. Anonymous says:
    June 21, 2011 at 8:18 pm

    looking to go short around 1.4039 area….