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Bearish Resumption Expected after strong signal down in EUR/CAD

Eur/Cad would seem to be reversing from highs - with a top in place -
and showing a strong bearish case for a (fast) move down
Euro is weak at the moment and fundamentally under strong pressure
as the ECB intend to lower interest rates coming June
Technically, we will probably see the Euro lose ground against all majors
and this would seem most evident in Eur/Cad:
On the weekly chart we see that there is plenty of room down towards the weekly trendline,
we also see a very strong bearish candle p…
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AdamFx42 avatar
AdamFx42 10 Cze

1.48 holding for now - we should see a move back towards 1.485 area before another push down

AdamFx42 avatar
AdamFx42 12 Cze

Target accomplished when price action pushed down some more, need to see a small bounce back up now

AdamFx42 avatar
AdamFx42 12 Cze

price is stuck between the two support area's that I predicted now - a close just below inbetween these two levels would be perfect

AdamFx42 avatar
AdamFx42 19 Cze

price is hanging around in the right area for now - seems like an 1.47 support area is building

AdamFx42 avatar
AdamFx42 24 Cze

priced has dropped further and target from daily H&S has been hit - looking for a bounce back up now

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