EUR/CAD LONG/ BUY
🔰 Pair Name : EUR/CAD
🔰 Time Frame : 4H
🔰 Scale Type : MID Scale
🔰 Direction : LONG/BUY
From a technical standpoint, the market currently exhibits an opportunity to rectify an existing imbalance. The prevailing price trend suggests a potential adjustment that would amplify selling pressure. From a fundamental perspective, it has been widely acknowledged that the Canadian dollar (CAD) has weakened subsequent to the release of disappointing Consumer Price Index (CPI) data. Conversely, the Euro (EUR) continues to find support due to hawkish discussions emanating from the European Central Bank (ECB).
🔰 Time Frame : 4H
🔰 Scale Type : MID Scale
🔰 Direction : LONG/BUY
From a technical standpoint, the market currently exhibits an opportunity to rectify an existing imbalance. The prevailing price trend suggests a potential adjustment that would amplify selling pressure. From a fundamental perspective, it has been widely acknowledged that the Canadian dollar (CAD) has weakened subsequent to the release of disappointing Consumer Price Index (CPI) data. Conversely, the Euro (EUR) continues to find support due to hawkish discussions emanating from the European Central Bank (ECB).
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