Currently, EUR/CAD is trading at 1.5479. The pair is consolidating in the resistance and support wedges
. Previously, the pair was trading in resistance and support wedges
by making higher high lower low pattern. It may start a new down trend if it breaks the support level
and neck line at 1.5392, then its first target price will be at 1.5284 and the second target price will be at 1.5218.
Follow a proper risk management strategy to avoid unnecessary losses and to increase profitability, don't risk more than 2% of your capital on each trade.
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