EUR/CAD Stalled at 1.4050

EUR/CAD has been moving to the downside since the end of March, but in the past few days the overall bearish trend stalled above the support at 1.4050. The question now is whether the pair will continue falling, as the signals on the four-hour time-frame and the daily time-frame are very contradictory. On the four-hour time-frame there are several spinning top candlesticks at the resistance at 1.4160, which are an indication that there might be a new move to the downside, but on the other hand, on the daily time-frame there are three spinning top candlesticks at the aforementioned support at 1.4050. In these cases I tend to trust the larger time-frame more. Either way, there likely wouldn’t be any development before the end of the Easter holidays.