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EURCAD: Massive Bearish Breakout Confirmed
EURCAD is experiencing strong bearish pressure.
First, the market broke through a solid rising trend line on the 4-hour chart.
Second, it also violated a significant horizontal demand zone.
These broken structures have created an expanding supply zone.
I anticipate a bearish movement toward 1.4948, which is the next horizontal support level.
First, the market broke through a solid rising trend line on the 4-hour chart.
Second, it also violated a significant horizontal demand zone.
These broken structures have created an expanding supply zone.
I anticipate a bearish movement toward 1.4948, which is the next horizontal support level.
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