Euro / Canadian Dollar
Long

EURCAD ANALYSIS

163
EURCAD rebounded from lower edge of price channel
Price is based above key level at 1.5490
Pair rejected from 78.6% Fibonacci level at 1.5500
MACD shows weakness in bearish momentum
RSI rebounded after reaching oversold region
It's expected for coming bullish wave to target upper edge of price channel corresponding to HVN at level 1.5650

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