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March 08, 2021 at 03:46PM
• EURCAD under bearish pressure
• Likely to fall to support 1.4800
EURCAD under the bearish pressure after the price broke the long-term support level 1.5070 (which reversed the price multiple times from April to June of 2020).
The breakout of the support level 1.5070 accelerated the active multi-duration impulse waves iii, 3 and (3)
EURCAD is likely to fall further toward the next support 1.4800 (target price for the completion of the active weekly impulse wave 3).
From: The FxPro Tech Analysis Team https://fxpro.news/market-snapshots/eurcad-wave-analysis-8-march-2021-20210308/
Selected by fonecable.com
Search Web: EURCAD Wave Analysis 8 March, 2021
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