EUR/CAD facing bullish pressure, potential for further upside

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Trading Recommendation

Entry: 1.52195

Reason for Entry: horizontal swing low support, 78.6% fibonacci retracement

Take Profit: 1.53273

Reason for Take Profit: 100% fibonacci extension, horizontal pullback resistance, 61.8% fibonacci retracement

Stop Loss: 1.51718

Reason for Take Profit: horizontal swing low support, 76.4% fibonacci retracement

The material has been provided by InstaForex Company - www.instaforex.com