Comparic
Long

EURCAD H4 - possible gains after going back above support

FX_IDC:EURCAD   Euro / Canadian Dollar
Almost from the beginning of June EURCAD moves south. As a result of these declines market broke local -1.75% support at 1.4985 and reached lower limit of a long-term consolidation where yesterday first demand response occurred.

Rejection of currently tested support could open the way to growth which would lead to a re-test of the previously broken support (now resistance). So in short term, you should consider long position on this instrument.
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