The EUR/CAD currency pair is currently exhibiting bearish tendencies according to recent technical analysis.
Moving Averages: Both the 50-day and 200-day moving averages are sloping downward, with the 50-day MA recently crossing below the 200-day MA, forming a "death cross." This is a classic bearish signal that suggests further declines.
Support and Resistance Levels
In conclusion, the EUR/CAD pair is showing multiple bearish indicators, suggesting that traders should consider short positions while keeping an eye on critical support levels
