Two great Buy opportunities on this chart for EURCAD

Mid-Term Forecast

Trading suggestion:
". There is a possibility of temporary retracement to suggested support line (1.5425).
. if so, traders can set orders based on Price Action and expect to reach short-term targets."

Technical analysis:
. EURCAD is in a range bound and the beginning of uptrend is expected.
. The price is below the 21-Day WEMA which acts as a dynamic resistance.
. The RSI is at 48.

Take Profits:
TP1= @ 1.5655
TP2= @ 1.5818
TP3= @ 1.5979
TP4= @ 1.6151
TP5= @ 1.6310

SL= Break below 1.5425

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Short-Term Forecast

Trading suggestion:
". There is a possibility of temporary retracement to suggested support line (1.5484).
. if so, traders can set orders based on Price Action and expect to reach short-term targets."

Technical analysis:
. EURCAD is in a downtrend and the beginning of uptrend is expected.
. The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 55.

Take Profits:
TP1= @ 1.5595
TP2= @ 1.5656
TP3= @ 1.5732
TP4= @ 1.5822
TP5= @ 1.5970

SL= Break below 1.5425

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