The EURCAD cracked a massive support level yesterday. But this wasn’t a surprise. I wrote about EURCAD back on May 21st. In that commentary, I mentioned how a daily close below this trend line would open up downside targets. The lower highs since last December hinted at an imminent breakdown. In all honesty, though, EURCAD held onto this trend line longer than I thought it might, especially considering how heavy the pair looked in May. But I don’t mind waiting. As long as the pair stays below this 1.5000 region, I favor selling EURCAD. Key support comes in at the 2018 low of 1.4750 with a daily close below that ... (full story)