Mon, 10 Feb 2014 12:05:07 GMT
EUR/CAD 4H Chart: Channel Down
The rally that was commenced on Jan 22 did not prove to be sustainable and later on gave in to the selling pressure, resulting in emergence of the downward-sloping channel on the four-hour chart.However, in order for EUR/CAD to preserve its bearish tendency in the longer term, the currency pair is required to pierce through the tough 200-period SMA and