The Eur/Cad has been on my radar this week and I was keen to see if price would be able to break out and push higher through 1.3757, currently it is trading above this level and I would recommend checking the lower time frames on this pair to see if price can produce a solid pullback and bullish price action signal back at the 1.3757 level. Price as always could turn back around and possibly produce a bearish daily pin bar which would make me switch my attentions to looking to go short.

Below is the daily chart and we can see price is currently trading above the key resistance level, keep an eye open on the lower time frames and we may get a solid bullish signal to get long today.

eurcad d

 

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