EURCAD: Important Breakout & Bullish Outlook Explained 🇪🇺🇨🇦
EURCAD was consolidating within a wide horizontal trading range on a daily for 3 months. Its resistance was finally broken. The price closed above that on Friday, forming a high momentum bullish candle.
I believe that the pair will go much higher now. The next strong resistance - 1.489
Probabilities are high that it will be reached soon.
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