Strong Sell Opportunity on EUR/CAD Following a Retracement
The EUR/CAD pair has fallen sharply, breaking out of its sideways movement on the 4-hour timeframe.
It has also established significant supply zones on the 4-hour chart, which are considered key areas for potential selling.
Expected Targets
Should the price rise to retest the identified supply zones near the 1.6097 level, a renewed decline is anticipated, targeting the 1.6050 and 1.5990 levels, respectively.
This analysis—and the expected bearish move—would be invalidated if the price breaks above the supply zones and closes a 4-hour candle above them.
