EURCAD analysis 20.11.2019

Reversing price pivot level of 1.4710 holds back buyers.A retest of the lower border of the ascending price channel and a test of the upper border of the descending price channel are forming.

The Inside Bar pattern is formed on the H4 timeframe. Also, the stochastic Oscillator indicator signals overboughtness.

Trading recommendations:

Sell strictly lower 1.4698.

Stop Loss - 1.4713.

Target levels - 1.4654; 1.4600; 1.4564.