EUR/CAD: 4-hour
It looks like EUR/CAD still can’t make up its mind where to go, as price keeps consolidating inside a symmetrical triangle chart pattern on its 4-hour forex time frame. The pair seems to have found resistance at the top once more and might be headed lower while stochastic is moving down from the overbought area. If sellers are strong enough, they could push for a downside break of support near the 1.4150 minor psychological level and lead to a longer-term drop. This might last by around 800 pips, which is roughly the same height as the chart pattern.
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