FX.co ★ EURCAD M5: Bearish Rectangle

According to the chart of M5, EURCAD formed the Bearish Rectangle. This type of a pattern indicates a trend continuation. It consists of two levels: resistance 1.5637 - 0.0000 and support 1.5628 – 1.5628. In case the resistance level 1.5628 - 1.5628 is broken, the instrument is likely to follow the bearish trend.