EURCAD made a low beneath 1.3430 but then respected support level and took bounce heavily on 8th July, 2013 from a trend line. Continuous better news from Euro and CAD’s weakness has brought the pair to a key resistance (1.3810) now. We expect EURCAD to retrace back to 1.3625-1.345 being major supports in the coming days. Economic news to be considered is Trade Balance of CAD and Building permits. If the resistance is not respected then we can see an upside move to 1.4157.What to do? 1.3810 good…
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