EUR/CAD – 30M – SELL

The EUR/CAD 30-minute chart has fired a dense cluster of bearish signals, including a Trendline Retreat Down, Trendline Break Down, and a BOP Zero Cross Down, alongside multiple momentum oscillators (CCI, CMO, MOM, ROC) all crossing below zero. This suggests a strong short-term bearish impulse is underway, with selling pressure building after a period of bullish momentum. However, the higher timeframes remain predominantly bullish, with the 1-hour showing a very strong trend (4/5) and the 2-hour solid (3/5), indicating that this sell signal is likely a pullback within a larger uptrend rather than a reversal.

Key levels to watch are the nearest resistance at 1.61512 and support at 1.60789. A break below support would confirm the bearish continuation, while a reclaim of resistance would invalidate the short-term bearish thesis. The confluence of trendline breaks, momentum shifts, and the presence of support/resistance levels (sr group) and Fibonacci levels adds weight to the signal, but traders should be cautious of the conflicting higher-timeframe bullish bias.