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EUR/CAD: more downside ahead

EUR/CAD: more downside ahead

Information is not investment advice

EUR/CAD made a big breakout to the downside. On W1, you will see that it broke the support line from 2015. This line has become resistance around 1.4750. On D1, you may see that the attempt to return above this area failed. The pair continued to fall on Friday and closed near the day’s minimum. The target on the downside lies at 1.4588 (50% Fibo of the 2015-2018 advance). 

EURCAD w.png

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USD/CHF may rise a bit

USD/CHF formed a “hammer” candlestick on the D1. The most recent price low wasn’t confirmed by the Awesome Oscillator on this timeframe.

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