". There is still a possibility of temporary retracement to suggested resistance line (1.5512).
if so, traders can set orders based on Price Action and expect to reach short-term targets."
. EURCAD is in a downtrend and the continuation of downtrend is expected.
. The price is below the 21-Day WEMA which acts as a dynamic resistance.
. The is at 36.
TP1= @ 1.5458
TP2= @ 1.5427
TP3= @ 1.5398
TP4= @ 1.5358
TP5= @ 1.5312
SL: Break Above R2
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