EUR/CAD has recently hit a resistance zone near 1.5966–1.5999, which is labeled as a stop-loss/resistance area. The price is expected to reverse from this resistance and retrace down toward the rising trendline support around 1.5667. This zone has acted as a key support level in previous sessions.
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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.