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Euro / Canadian Dollar
Long
Jul 9, 2024
EURCAD: Classic Bullish Pattern
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The EURCAD currency pair has formed a significant inverted head and shoulders pattern on a short-term chart.
We've seen a confirmed break above the neckline, with a 4-hour candle closing above it.
This suggests a potential continuation of the uptrend, with the next targets being 1.4810 and 1.4848.
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Head and Shoulders
Supply and Demand
Support and Resistance
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