Davis
Long

eur/cad rally?

FX:EURCAD   Euro Fx/Canadian Dollar
This pair looks like a rally to me at the moment. Its been diverging since the end of May and has broken that bearish channel.
For targets If I copy the previous leg then it comes along with the 1.272 and 161.8 ratio confluence AND previous structure on the left. If you dont want to be that agressive then you can set your target at 1.4766 along with the 1.272 retracement.
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