EURCAD holding above ascending trendline support. With technical indicators showing room for further bullish momentum, a further push up above 1st support at 1.46985 towards 1st resistance at 1.47486 could be possible.
Reason for Entry:
61.8% Fibonacci retracement, ascending trendline support
Take Profit: 1.47486
Reason for Take Profit:
100% Fibonacci extension
Stop Loss: 1.46695
Reason for Stop Loss:
Horizontal swing low support
*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade.
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