The Strongest Long-Term Selling Zones for the EUR/CAD Pair

The EUR/CAD pair has broken the uptrend of supply and demand

and formed strong new supply zones on the daily frame

after bouncing off previous resistance areas near the 1.6100 level.

Currently, in the event of an uptrend and a retest of the new supply zones

located near the 1.6000 level, a return to decline is expected again

with targets set at the 1.59100 and 1.58000 levels, respectively.

These new zones are currently the best selling zones for the pair.

However, when entering, it is recommended to pay attention to capital management

 and enter with light contracts.

The analysis fails to break through the supply zones and close above them with a daily candle.