EURCAD: Bearish Outlook Explained 🇪🇺🇨🇦

EURCAD reached a key daily structure resistance.
The price has formed 2 doji candles, approaching that on a daily.

Analyzing the intraday time frames, I spotted a confirmed bearish breakout of a rising parallel channel on 4H.
The price is retesting that at the moment.

The market will most likely drop soon to 1.446 / 1.4414 levels.

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