Strong Selling Opportunity on the EUR/CAD Pair on the Daily Timeframe
The EUR/CAD pair has reached strong daily supply zones and has already begun to bounce back and form a bearish pattern.
If the pattern is completed and the daily candle closes bearish (a reversal pin bar) with a close near the bottom, it will be a strong bearish signal.
Expected Targets
If the pair does indeed fall, we expect to see a test of the targets set at 1.61300 and 1.60700, respectively.
The demand zones below are the pair's final target, and we will be monitoring the movement there as we may see a renewed upward move.
