Today, our free forex signals service trade is a sell order in EUR/CAD. The price will go down if the EUR resumes its bearish trend. The EUR/CAD cross retreated a little after reaching a strong resistance area. Still, a larger downside movement needs confirmation. The pair was trading around the 1.3678 level at the time of writing. –Are you interested in learning more about making money with forex? Check our detailed guide- Technically, the price action signaled that the swing higher ended, and the sellers could take the lead in the short term. But, surprisingly or not, the Euro dropped even though the Eurozone data came in better than expected. ZEW Economic Sentiment was reported at -29.5 points above -42.0 estimates, while the German ZEW Economic Sentiment came in at -34.3 points versus -43.0 expected. Today, the US inflation data could greatly impact the EUR/CAD pair. So, you have to be careful, as the sentiment could change. German Final CPI 0.8% Today, the German Final CPI reported 0.8% matching expectations and 0.8% growth in the previous reporting period. From the technical point of view, the EUR/CAD pair found resistance at the 1.3760 – 1.3765 area. It has failed to stabilize above the ascending pitchfork’s median line (ML), signaling strong sellers. The pair could drop deeper if it stays under the descending pitchfork’s upper median line (UML). Get FREE Forex Signals Now! 3 Free Forex Every Week – Full Technical Analysis Free forex signals – Sell EUR/CAD at 1.3657 Free forex signals entry price and take-profit Instrument: EUR/CAD Order Type: SELL STOP Entry price: 1.3657 Stop Loss: 1.3782 TP1: 1.3471 My Risk: 1% Risk / Reward Ratio: 1:1.5 Looking to trade forex now? Invest at eToro! Trade Forex Now! 68% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money Olimpiu Tuns Olimpiu Tuns Olimpiu Tuns graduated with a Master in Business Administration and is a seasoned Market Analyst / Trader / Trainer with 10 years of experience in the financial markets having expertise in Forex, Commodities, Index, Cryptocurrencies, and Stocks. He worked as a Market Analyst for three major brokerage companies, as a prop trader, and as a contributor/content creator for news portals and educational platforms. View All Post By Olimpiu Tuns Forex Trading Signals share Read Next EUR/USD Price Erases Daily Losses Despite Upbeat US CPI Olimpiu Tuns 7 months Today, our free forex signals service trade is a sell order in EUR/CAD. The price will go down if the EUR resumes its bearish trend. The EUR/CAD cross retreated a little after reaching a strong resistance area. Still, a larger downside movement needs confirmation. The pair was trading around the 1.3678 level at the time of writing. -Are you interested in learning more about making money with forex? Check our detailed guide- Technically, the price action signaled that the swing higher ended, and the sellers could take the lead in the short term. But, surprisingly or not, the Euro dropped… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
