Bearish Sentiment Ahead? EURCAD Technical Insights

EURCAD
Bearish Sentiment Ahead? EURCAD Technical Insights
1. Price Formation: The price has broken out from an inverted Reverse Cup &Handle price formation on a daily chart but one has to wait where it might close. Bearish sentiment.
2. Moving Averages: The 7-day moving average (MA) is below the 21-day MA.
3. 200-day Moving Average is above the Price.
5. Relative Strength Index (RSI): The RSI is <than 50.
6. Price Target: 1,380