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Currency pair analysis EUR/CAD

The overall trend is descending. The currency pair is traded in the descending price channel. The Stochastic Oscillator signals the oversold conditions.

EUR/CAD rate online: monitor the price movement in real time.

Trading idea:

Sell starting from the resistance level 1.4675 and the upper edge of the descending price channel.

Stop loss is over the mirror key level 1.4800.

Target levels: 1.4440; 1.4220.

Author: GC
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