EURCAD Will Go Lower From Resistance! Sell! EURO VS CANADIAN DOLLARTRADENATION:EURCADSignalProviderTake a look at our analysis for EURCAD. Time Frame: 4h Current Trend: Bearish Sentiment: Overbought (based on 7-period RSI) Forecast: Bearish The price is testing a key resistance 1.588. Taking into consideration the current market trend & overbought RSI, chances will be high to see a bearish movement to the downside at least to 1.577 level. P.S Overbought describes a period of time where there has been a significant and consistent upward move in price over a period of time without much pullback. Like and subscribe and comment my ideas if you enjoy them!