EURCAD has broken below the ascending channel, suggesting potential bearish continuation. The move targets 1.60048 and 1.59905, with a clear invalidation level set above 1.60530. We are monitoring for confirmation of bearish control unless bulls step in to push price back above the invalidation level.
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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.