FX:EURCAD   Euro / Canadian Dollar
The price converges towards the tip of the triangle formation. Once it reaches the tip, it will break out. In the case of the upward break out, our strong resistant will be previous tops at 1.5340, 1.5560 and 1.6150 levels.

In the second scenario, the price will break the triangle to down, reaching the lower band of the descending channel formation.
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