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Eur/Cad will probably break below 1.40 on a third attempt
On the weekly chart we find that the price is stuck below the 38.2% fibonacci retracement level
of the last big move up,
the MACD, and the RSI are both bearish, so the 50% retracement should be the next target for the pair
Eur/Cad weekly chart
For now, the pair is showing some sideways action, as it seems unwilling to break below important 1.40 level
there have been two attempt to break this level,
if the pair challenges the 38.2% fibonac…
On the weekly chart we find that the price is stuck below the 38.2% fibonacci retracement level
of the last big move up,
the MACD, and the RSI are both bearish, so the 50% retracement should be the next target for the pair
Eur/Cad weekly chart
For now, the pair is showing some sideways action, as it seems unwilling to break below important 1.40 level
there have been two attempt to break this level,
if the pair challenges the 38.2% fibonac…