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EURCAD 30 Jun 2023

EURCAD 30 Jun 2023 on the H1 timeframe, the pair looks to be experiencing a bearish trend after touching R1 and dropping towards S1. down from 1.64498 now sits at 1.63964 and is likely to continue down towards S2 if referring to the stochastic indicator. if that happens then go-short can be an option for scalpers. But if the pair is able to reverse the trend after touching S1 then go-long could be an option. Stay alert to the market changes and trade with your own risk.

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