Tricky Friday’s presents us with EUR/CAD

Good morning folks,

Another Friday presents us with EUR/CAD

1.EUR/CAD

A descending channel has gotten to level 1.49983, which is a huge resistance. The big question is:

  • Will the market break that barrier?
  • Will the market reverse? or
  • Will the market form a consolidation at that level, knowing fully well that today is Friday?

 

All these questions should be answered before the close of market today.

Do have a beautiful weekend

 

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