We are a forex and commodities intermediary that accommodates
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EURCAD recently reversed down from the resistance area located between the key, multi-month resistance level 1.59750 (multi-month high from the middle of March) and the lower daily Bollinger band. Given the rising bullish Canadian dollar sentiment seen across the currency markets today – EURCAD is likely to extend the losses toward the next support level 1.56900 (former low of the previous short-term correction 4).
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