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Today, our free forex signals service commerce is a promote order in EUR/CAD. The worth will go down if the EUR resumes its bearish pattern.
The EUR/CAD cross retreated slightly after reaching a robust resistance space. Still, a bigger draw back motion wants affirmation. The pair was buying and selling across the 1.3678 stage on the time of writing.
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Technically, the worth motion signaled that the swing increased ended, and the sellers may take the lead within the brief time period. But, surprisingly or not, the Euro dropped although the Eurozone information got here in higher than anticipated.
ZEW Economic Sentiment was reported at -29.5 factors above -42.0 estimates, whereas the German ZEW Economic Sentiment got here in at -34.3 factors versus -43.0 anticipated. Today, the US inflation information may enormously affect the EUR/CAD pair. So, you must watch out, because the sentiment may change.
German Final CPI 0.8%
Today, the German Final CPI reported 0.8% matching expectations and 0.8% progress within the earlier reporting interval. From the technical perspective, the EUR/CAD pair discovered resistance on the 1.3760 – 1.3765 space.
It has didn’t stabilize above the ascending pitchfork’s median line (ML), signaling robust sellers. The pair may drop deeper if it stays beneath the descending pitchfork’s higher median line (UML).
3 Free Forex Every Week – Full Technical Analysis
Free foreign exchange indicators – Sell EUR/CAD at 1.3657
Free foreign exchange indicators entry worth and take-profit
Instrument: EUR/CAD
Order Type: SELL STOP
Entry worth: 1.3657
Stop Loss: 1.3782
TP1: 1.3471
My Risk: 1%
Risk / Reward Ratio: 1:1.5
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Olimpiu Tuns 
Olimpiu Tuns graduated with a Master in Business Administration and is a seasoned Market Analyst / Trader / Trainer with 10 years of expertise within the monetary markets having experience in Forex, Commodities, Index, Cryptocurrencies, and Stocks. He labored as a Market Analyst for 3 main brokerage firms, as a prop dealer, and as a contributor/content material creator for information portals and instructional platforms.
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