EUR/CAD analysis, June 20, 2022
On the 4hour candle chart
The EUR/CAD currency pair rebounded from the support area at 1.3415/1.3386, approaching the resistance area at 1.3759/1.3809.
If the resistance area holds, it is likely that the pair could fall towards the support area again.
On the other hand, a potential breakout of the resistance area could lead the price to rise further to the 1.3959/1.3980 area.
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