EUR/CAD Medium Term Sell Setup

FX:EURCAD   Euro / Canadian Dollar
Prices are extending gains within a 3 leg structure which still has potential of further extending gains towards 1.61. However, 1.61 is a crucial level to watch out for as that is the prior swing top and prices are likely to reverse from there for medium term. So it is better to book profits for longs and wait for a reversal confirmation to sell for medium term.
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