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EUR/CAD: Possible Long After Correction

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EUR / CAD:

Our expectations: Long-term choppy and medium-term upward trend. A short-term adjustment to levels of support enables us to position ourselves long on the market.

Alternative Scenarios: If the price passes under diagonal support, we may see a breakthrough and a new downward momentum

Commentary: Breakthrough of short-term downward movement

Price action: Engulfing bullish bar from levels of horizontal and diagonal support - probably increase

Fibonacci correction to 50%

50/200MA: 50 over 200 - bullish tendency

Oscillators still do not give clear signals

SL: 1.4555

Trader I. Ivanov


 Varchev Traders

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