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EURCAD: Bearish Outlook Explained đŸ‡ȘđŸ‡ș🇹🇩

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Euro / Kanadensisk dollar (OANDA:EURCAD)  
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OANDA:EURCAD   Euro / Kanadensisk dollar
Multiple Time Frame Analysis Trend Lines Parallel Channel EURCAD EUR CAD euro canadiandollar Forex trading Technical Analysis
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mtfa trendline parallelchannel eurcad eur cad euro canadiandollar forex trading technicalanalysis
snapshot

EURCAD reached a key daily structure resistance.
The price has formed 2 doji candles, approaching that on a daily.

Analyzing the intraday time frames, I spotted a confirmed bearish breakout of a rising parallel channel on 4H.
The price is retesting that at the moment.

The market will most likely drop soon to 1.446 / 1.4414 levels.

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