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DeGRAM
Feb 25, 2021 9:38 AM

EURCAD growth from support zone Long

Euro / Canadian DollarFOREX.com

Description

During the fall in the channel (since July 2020), the price entered the support zone.

This is a strong line of support.
She was educated in 2012.
The only long-term breakdown was in 2019.
The price came to a strong support zone (channel line + 2012 line).
From here, I expect growth to resistance.
The target is 1.549.

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Share your opinion in the comments and support the idea with likes.
Thank you for your support!
Comments
Solldy
There was a false breakout of the lower channel line on November 9! Today, too, there will be a breakthrough! But the purpose of your idea will not collapse!
DeGRAM
@Solldy, In this case, the zone is stronger due to the support line.
Lingrid
European Central Bank representative Lane will have important words to say for us.
If you have time - listen
DeGRAM
@Lingrid, Yes, we will wait for the speech.
KABHI_FOREX_TRADING
Good work
UnknownUnicorn15614419
Throughout the entire existence of the channel, small false breakouts can be observed. Aren't you worried it might happen this time friend?
DeGRAM
@TradingStat, No, don't forget about the extra strong line.
TradingAlchemist
how high can eurcad bounce? 1.57459?
DeGRAM
@TradingAlchemist, My target is 1.549.
ivarlogi
@DeGRAM, up from here?
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