FX.co ★ EURCAD M5: Bearish Symmetrical Triangle

The Bearish Symmetrical Triangle pattern has formed on the EURCAD M5 chart. Its lower boundary passes through 1.6057/1.6076, while its upper boundary passes through 1.6099/1.6076. The pattern width is 42 points. The Bearish Symmetrical Triangle indicates a likely continuation of the downtrend. If EURCAD breaks below the lower boundary, the price could move toward 1.6061.