EURCAD: Two Scenarios Explained 🇪🇺🇨🇦

EURCAD is trading within a narrow consolidation area since the end of July.
Approaching its support, I see two potential scenarios for the pair:

• Bearish
  In case of a bearish breakout & daily candle close below the underlined horizontal support,
  bearish continuation will be expected to 1.47 level
  
  
• Bullish
  To catch a pullback from the underlined support,
  on focus is a falling channel on 1H chart.
  Bullish breakout of its resistance will be your trigger to buy.
  Goal will be 1.483
  

Wait for a trigger and follow the market!

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03:29