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EURCAD continues to fall after the earlier breakout of the support area lying between the key support level 1.55400 (which reversed the price multiple times in September) and the lower support trendline of the daily up channel from June. Given the strengthening bullish Canadian dollar sentiment seen across the FX markets today, EURCAD is likely to fall further in the active impulse wave (c) toward the next support level 1.54000 (target price for the completion of the active ABC correction 2).
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