EURCAD is showing some range bound action but we might see a possible retracement to 4625 where opportunities for shorts could be spotted. EURCAD has also shown HIDDEN BEARISH DIVERGENCE around POC level and hidden divergence is a sign of CONTINUATION. Also there is H4 and 38.2 fib confluence at the level. We can also see a near term historical double top mini swing at POC point so 4625 might be a good to look for bearish continuation to 4560 and 4530 respectively.
The analysis and the article presents Nenad's opinion. Remember, financial trading is highly speculative & may lead to the loss of your funds. Proper risk management is the Holy Grail of trading.
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