EURCAD, a change of trend??
EURCAD was consolidating between 1.4650 & 1.48. Yesterday this pair broke from the consolidation stage with a big bullish engulfing candle which leaves more room to the upside. This pair clearly broke above daily trendline which gives us another signal that it may rise for a while. However, I will be expecting a bounce near the supply area 1.50 that i've pointed. My bias is bullish until it breaks any uptrend structure in lower timeframe.
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