EURCAD Medium Term Buy Setup

FX:EURCAD   Euro / Canadian Dollar
The pair is extending gains making higher highs and higher lows thereby suggesting that the underlying bullish trend is still intact. Hence going ahead, prices are likely to extend further gains towards 1.5550 by holding above 1.4920 in coming 3 to 5 months. An early sustained break below 1.4920 shall turn the sentiments weak and push the prices further lower.
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