. There is still a possibility of temporary retracement to suggested resistance line (1.5615). if so, traders can set orders based on Price Action and expect to reach short-term targets.
. EURCAD is in a range bound and the beginning of downtrend is expected.
. The price is below the 21-Day WEMA which acts as a dynamic resistance.
. The is at 40 .
TP1= @ 1.5575
TP2= @ 1.5530
TP3= @ 1.5487
TP4= @ 1.5436
TP5= @ 1.5390
SL: Break Above R2
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