EUR/CAD – 2H – SELL

The EUR/CAD 2H chart has fired a dense cluster of bearish signals, led by a Descending Triangle breakdown and a sweeping set of momentum oscillators (BOP, CCI, CMO, MOM, ROC, ROCR, RSI) all crossing below their zero or midline thresholds. This confluence reflects broad selling pressure that aligns with a predominantly bearish trend across the higher timeframes, particularly the 4H solid trend (3/5) and bearish formations on 8H, 12H, and 1D. While the 2H itself is still flagged as bullish (1/5, choppy), the overwhelming bearish momentum and pattern breakdown suggest the lower-timeframe bias is being overridden.

Immediate focus is on the nearest support at 1.60295; a break below would confirm the Descending Triangle target and extend the downtrend. Resistance at 1.60949 is the key invalidation zone—a reclaim would signal a failed breakdown and potential reversal. The alignment of multiple momentum crossovers with the chart pattern strengthens the bearish case, but the mixed lower-timeframe trends (15m, 30m, 1h) and the 2H bullish flag introduce near-term uncertainty, warranting patience for a decisive move.