EURCAD broke and closed above a key daily/intraday horizontal resistance.
After a breakout, the price retested the broken structure
and formed a narrow horizontal range on that.
The violation of its upper boundary with a bullish imbalance
is a strong bullish signal.
Chances are high that the pair will go up and reach at least 1.4928 level soon.
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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.