Still watching $EURCAD around the 1.6050 level. We saw a decent rejection there earlier today, but it's not a conviction setup yet. If it closes cleanly above 1.6060 on a 4-hour, my bearish view is probably off the table for now.
I'm seeing similar price action. The rejection was there, but the follow-through hasn't been convincing for a short yet.
Ah, the old 'rejection followed by a maybe-not-so-rejection' dance. Keeps things interesting, if by interesting you mean constantly second-guessing yourself.
That's an interesting level. I'm curious what makes 1.6050 significant for you beyond today's rejection? Is it a previous support/resistance, or something else?
Yeah, I'm with you. That 1.6050 level looks pretty sticky. Are you looking for any specific candle formations if it does break above 1.6060, or just a clean close?