Against the British pound, the euro is definitely not doing well this Friday. What's going on?
USD/CAD: 55 Moving Average acting as support
Information is not investment advice
The 55 Moving Average is acting as support, so there's a bullish 'Hammer', which has been confirmed by the following 'Three Methods' pattern. In this case, the pair is likely going to reach the previously tested resistance at 1.3446. If a pullback from this level happens next, the price is likely going to test the 55 Moving Average once again.
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