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EUR/CAD broke resistance level 1.5000

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  • EUR/CAD broke resistance level 1.5000
  • Next buy target - 1.5200

EUR/CAD continues to rise after the earlier breakout of the resistance zone lying between the strong round resistance level 1.5000 (which has been reversing the price from the end of June, as can be seen below) and the resistance trendline of the wide daily Triangle from April. The breakout of this resistance zone should accelerate the active impulse wave 3 (of the intermediate impulse wave (3) from July). EUR/CAD is expected to rise to next buy target at the next resistance level 1.5200 (which reversed earlier impulse wave (1))).

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