In spite of the EURCAD recent uptrend giving a possible hope for the recovery uptrend Towards 1.5275. The 1.5370 is the resistance confluence zone, as a result, on a daily, there is a chance for a pullback formation, the market may highlight the 1.5195 and importance of 1.5160 and the 1.5100 supports.
These support zones can easily fetch the mark 1.5070 and then to the horizontal-region around 1.5000 marks. Moreover, the pair could reach its benchmark zones, 1.5000 round-figure can flash the 1.4910, the 1.4880 and the 1.4800.
Negatively, the price rally beyond the 1.5370 means, the price range might recall the uptrend and the zones the 1.5440, the 1.5465 and the 1.5500 to appear on the chart. If the Uptrend confirmed, the pair can aim for 1.5500 1.5580 and the 1.5630 resistances.
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These support zones can easily fetch the mark 1.5070 and then to the horizontal-region around 1.5000 marks. Moreover, the pair could reach its benchmark zones, 1.5000 round-figure can flash the 1.4910, the 1.4880 and the 1.4800.
Negatively, the price rally beyond the 1.5370 means, the price range might recall the uptrend and the zones the 1.5440, the 1.5465 and the 1.5500 to appear on the chart. If the Uptrend confirmed, the pair can aim for 1.5500 1.5580 and the 1.5630 resistances.
Hit like, comment and follow for more profitable trades.
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