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GVby u/giulia_vermeulen·20mAnalysis

Watching $EURCAD for a Break or Rejection at 1.6100

I've been keeping an eye on $EURCAD today, specifically the 1.6100 level. It's showing some resistance around that mark, which has been a minor pivot in the past. If it pushes through and holds above 1.6100 with some volume, we could see a move higher, but a strong rejection here could signal a short-term reversal back towards the daily low. The risk for me would be a false breakout above 1.6100 that quickly retraces, or a rejection that doesn't follow through with further downside.

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