EURCAD Short-term buy signal.

5月27日

The EURCAD pair has been trading within a Channel Down for the past 15 months and right now is on a Bullish Leg towards its top. The 1D RSI is approaching the overbought barrier of 70.00 and we believe it will give a sell signal after it breaks above, just like November 21 2023 and July 14 2023.

Until then, we will stay bullish, targeting the top of the 15-month Channel Down at 1.49750.

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