EURCAD: BEARISH Continuation Targeting 161.8% Fib Level
Today's candle shown us a weak BULLISH movement with no clear rejection at 1.5320 support level. As of now, it seems likely a breakout rather than a fakeout. We can see that today's candle is retesting the broken support level @1.5320 which is now the resistance level. I am expecting BNEARISH movement to continue for this pair bring price towards the demand zone which I have identified.
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