We can see how EURCAD is clearly on an uptrend channel on the daily chart failing to make a lower low and with failing at a key support area around 1.4550 levels, Short term trend line was broken with good reversal signs on daily and 4hr timeframe. Double bottom was made and this pair could make a new leg higher and extend one last impulse to 1.6500 levels before a new corrective wave.
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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.