Price dropped into a demand zone found within the area of interest between 1.5612 - 1.5512. CAD is slightly stronger than the EUR at the moment, which is the reason for the pullback. The zones location is in a good area of the uptrend and fresh. Looking for EURCAD to rally and continue its 240 min uptrend.
Check out my relative strength analysis I post everyday on twitter @WhosTrend
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Check out my relative strength analysis I post everyday on twitter @WhosTrend
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.