EURCAD wait for long
It is time to wait for the price to break the bearish trend line and resistance line, the pair moves within a weekly bullish channel, after which price has completed a counter-demand movement, now if the price broke this bullish channel, it would generate another channel weekly bearish broader, continuing the movement that started from the maximum of this corrective movement. So if these conditions are given the price would invalidate this scenario and the pair would go down.
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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.