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EUR/CAD approaching support, potential bounce!

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Trading Recommendation

Entry: 1.51308

Reason for Entry: Horizontal swing low support, 1.618% fibonacci extension, 50% fibonacci retracement

Take Profit : 1.54883

Reason for Take Profit: Horizontal overlap resistance, 61.8% fibonacci retracement

Stop Loss: 1.49057

Reason for Stop loss: Horizontal pullback resistance, 61.8% fibonacci retracement

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