Greetings Forexia Family. Lets analyze EURCAD.
We can see from above chart that the pair has overall downtrend. However, it had formed the trend that is against the trend.
I believe we have a lot of buyers who bought from this trend and above the support zone which were acting as resistance before.
PLEASE USE THIS ANALYSIS AS A GUIDE TOOL FOR YOUR TRADING AND USE PROPER MONEY MANAGEMENT IN YOUR TRADING