EURCAD analysis 30.12.2019

The currency pair is trading in the upper limit range of the descending price channel. Stochastic Oscillator indicator signals overboughtness. Breaking through the support level 1.4626 will result in the formation of a downward pattern of 123.

Trading recommendations:

Sell below 1.4626.

Stop Loss - 1.4643.

Target levels - 1.4610; 1.4596; 1.4568.