EURCAD Forms Wedge Pattern, Potential Breakdown and Upside Move

On the 4-hour chart, the EURCAD currency pair has formed a wedge pattern. This pattern is characterized by converging trendlines, indicating a period of consolidation and potential volatility ahead. A breakdown below the lower border of the wedge pattern, currently around 1.4535, would suggest that the downside move from 1.5042 has resumed. In such a … <a href="https://www.forexcycle.com/special-focus/137342-eurcad-forms-wedge-pattern-potential-breakdown-and-upside-move.html">Continue reading<span> "EURCAD Forms Wedge Pattern, Potential Breakdown and Upside Move"</span></a>