EURCAD currency pair reaches lower and lower highs and moreover candle on the chart H1 broke the 20-period average, which may indicate the end of growth that took place yesterday and return to the downward trend.

In addition, said moving average being a component of Bollinger Bands was subsequently tested from the bottom now as dynamic resistance. It seems that in the short term will be chosen course to the south. It should take into account that the possible market turmoil related to the ongoing referendum on Brexit of which the final result will be announced tomorrow.

2306-EURCAD


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