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EURCAD: Bullish Outlook Explained
Last week, EURCAD touched a significant rising trend line on the 4-hour chart.
Despite the market consolidating in a horizontal range for a while, this contact with the trend line propelled the pair upward.
The market then broke and closed above the range's resistance.
I anticipate that the pair will continue to rise, with a target of 1.5123.
Despite the market consolidating in a horizontal range for a while, this contact with the trend line propelled the pair upward.
The market then broke and closed above the range's resistance.
I anticipate that the pair will continue to rise, with a target of 1.5123.
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