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EURCAD analysis 01.09.2020

EURCAD

The currency pair is trading in the range of the lower border of the ascending price channel. The descending H8 level pattern ended with the breakout of an inclined channel. Bullish divergence has formed Awesome Oscillator. The price pivot zone of 1.5606 is holding back buyers.

Trading recommendations:

Buy above 1.5606.

Stop Loss: 1.5467.

Target levels: 1.5750; 1.5973.

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