After hitting the 61.80% level, the EUR/CAD made a U-turn north. However, the 55-hour was restricting the pair from making a further gain. This retracement can be measured by connecting the low at 1.5523 and the high at 1.6127.
Technical indicators demonstrate that the currency exchange rate could continue to trade upward during the following trading sessions. Nevertheless, traders are advised wait for the pair to breach the aforementioned .
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