CADCHF: Bulls losing momentum

The market has been losing bullish momentum with each test of the support zone. This is a good indication of an incoming down move. Support is now broken and is being tested as resistance. There is also confluence on the daily chart with yesterdays candle closing as a bearish engulfing.

Entry: 0.76
Target: 0.75
Stop Loss: 0.767

YEARN-FOREX

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