Since the last EURCAD idea, this pair pushed further to the upside and pierced the resistance the 1.5040 resistance invalidating the stochastic divergence.
Price has since bounced off of the 50% fib/prior support turned resistance at the 1.5060 area.
It couldn't stay above it for long and fell right back down below.
So I'm staying bearish on this pair down to the 1.4925 level with a stop at 1.5130.
Price has since bounced off of the 50% fib/prior support turned resistance at the 1.5060 area.
It couldn't stay above it for long and fell right back down below.
So I'm staying bearish on this pair down to the 1.4925 level with a stop at 1.5130.
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