KeytoMarkets
Long

EURCAD: Spotted a bullish pattern

FX:EURCAD   Euro / Canadian Dollar
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2
17 0
Consolidating in a narrow range.
Spotted with an inverse H&S pattern.
A breakout above 1.4880/1.4900 opens up to 1.4960 and 1.5000 in the near term. Further extension possible if the neckline taken out, in this case, 1.5090 and 1.5200 are possible. Shoulders seem at 1.4725.
Fails to hold the 100DEMA, further retracement expected to 1.4650 and 1.4610.
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