EUR/CAD Indecision Zone!
Price is between sellers and buyers territory, thats what we call indecision zone. Major trend is bearish but we can look for short term bullish move above the 1.54800 where price come back in buyers territory but on H1 time frame.. Trend reversal can be expected when price broke weekly resistance level at 1.55030. Until then we can trade it to that point or of course look for sell entry below the 1.54460.
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Disclaimer
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.