EURCAD can be stopped again from the old structure area

EURCAD can be stopped again from the old structure area

Technical Analysis:
From the previous analysis, EURCAD has failed to break 1.4765.
This zone was tested several times in the past and the price then decreased.

The price may decrease again from this area since we also have the ECB's rate decision on Thursday. It will be interesting to see how the market reacts ahead of the meeting.

A bullish move above 1.4765 would increase the chances of further upside.

Downside targets: 1.4665, 1.4565, 1.4480
Bullish targets: 1.4910

PS: I think there is more chance of a bearish wave

You may find more details in the chart!
Thank you and Good Luck!

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Trade closed: target reached: