EURCAD Analysis March 14, 2020

On the weekly time frame market is currently in a strong selling pressure region, the same as it did in 2016. On weekly back in January 25, 2016 selling pressure closed at 1.51268 with a strong bearish reversal candle at key level signalling a reversal which is now our current target. Overall we may see a continuation of bearish momentum to target 1.51268. weekly analysis: