EURCAD Technical Analysis Setup

Here is a technical analysis setup for the EURCAD currency pair. Here's a summary of your analysis:

Current Price: 1.48900
Resistance Zone: 1.49500
Support Zone: 1.47600

Trend Outlook: Bearish (anticipating a price decline)

If the price breaks below the support level of 1.47600, the bearish trend could gain momentum. However, if it approaches the resistance zone at 1.49500, it may face a reversal or consolidation before continuing lower.

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