DeGRAM

DeGRAM | EURCAD break and retest

Long
FX:EURCAD   Euro / Canadian Dollar
EURCAD moved out of the descending channel.

The market consolidated around a significant level, but eventually it broke and closed above it.

On the 4 hourly timeframe, the market created the endulfing candle, which might be a sign of the trend's continuation.

We expect a retest of the resistance.



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