Euro / Canadian Dollar

Long

Updated

EURCAD: Channel Breakout

snapshot

EURCAD broke and closed above a resistance line of a major falling parallel channel.

Now the price is retesting that.

Chances are high to see a bullish movement on the pair.

First goal will be retest of the current local high.
Second goal - 1.527 next resistance

Note

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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.