EUR/CAD:
Our expectation: Long trend, correction down to area of support around 1.47500 - 1.47300. Double bottom and diagonal resistance. SL: 1.47250
Alternative scenario: If the price moves below the the Fibo 50% and horizontal support, this will alter our view.
Comment: Double bottom on horizontal support, Fibo 50% of the correction and break of diagonal resistance.
DeM: In the middle of the range but point up for continuation of the long
Trader - S. Fuchedzhiev
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