Yesterday was broken support at 1.4024, and before that was perished slow trend line, which has already been tested as a new resistance. Declines after testing the broken trend line are now being corrected, and price of EURCAD returned back to around 1.4024 level, which now the same as the trend line changed its role and is also a resistance.
For a chance for Short you can search on chart M30. There is also a pin bar on resistance at 1.4024 but safer solution may be to wait for formation of sequence of lower low – lower high. Breaking lower low will then be a signal to potential sell and a return to bearish trend. Nearest and key support is currently around the 1.3915 level.
