EUR/CAD SHORT

Price has moved impulsively in a bullish momentum for a couple of days but has been contained by monthly and weekly resistance at 1.4720 level .After the stall price has been trapped in an inside bar on the h4 time frame. A break below counter trend line will indicate a shift in momentum and we will wait for a retest of the resistance at 1.4664 level before a push to the 1.4600 level then 1.4560 support level which is also the 61.8% retrace of the previous bullish impulsive leg.