The EUR/CAD pair is currently respecting the SBR zone, meaning the price has reached a key resistance level and is struggling to break above it. This suggests that sellers are actively defending this zone, causing the price to either consolidate or potentially reverse downward.
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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.