At a higher level the currency pair is showing some weakness. The sellers are coming into action and closing the price near its open forming multiple dojis. The pair closing below the doji will be an indication of the seller regaining the strength in the market which can lead the pair to correct ahead.

The RSI is showing weakness in the pair, once the price follows the move we will recommend to take a short position in the currency pair.

Advice : Pair closing below the Dojis would be a recommendation to sell.

EUR/CAD

KUNAL KAMBLE

Jan 22 2022