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EURCAD currency pair earlier reversed up from the pivotal support level 1.46000 (which is the lower boundary of the sideways price range inside which the pair has been trading from the start of May) – strengthened by the lower daily Bollinger Band. Given the strongly bearish sentiment affecting the Canadian dollar today – EURCAD currency pair can be expected to rise further toward the next resistance level 1.48200 (upper boundary of the active sideways price range).
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