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EURCAD is currently testing a level of 1.6117. Will the breakout continue or will things reverse?

The price of EURCAD in heading in the direction of 1.6156. Despite the recent breakout through 1.6117 it is possible that it will struggle to gain momentum to the forecast price and move back in the other direction. This has happened many times in the past so watch for a possible bounce back.

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Brent Crude is quickly approaching the support line of a Falling Wedge. We expect either a breakout through this line or a rebound.

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