Since June 8, the EUR/CAD currency pair has been in a downtrend.
The pair is making obvious lower lows and lower highs as marked on the chart.
Now the pair is retracing towards the downtrend line which will give a good SELL entry around 1.3760 due to:
50% and 38.2% Fibonatcci levels of the different bearish waves marked on the chart.
Suggested Trade:
Going Short around 1.3760 with TP at 1.3465 & SL placed above 1.3870.
