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EURCAD recently reversed up from the support area lying between the support level 1.50800 (which has been reversing the price from April), lower daily Bollinger Band and the 50% Fibonacci correction of the previous upward impulse 1 from the middle of February. Given the strong bullish sentiment affecting the euro today – EURCAD is likely to extend the gains toward the next resistance level 1.53090 (which has been reversing the price from the start of May).
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