EUR-CAD weekly technical analysis

The Canadian dollar bounced slightly to the upside affected by the support around the lower leg of the descending channel, and it rose with a strong candle, and it is now forming momentum for a bullish positive attack targeting the upper channel's leg. Traders are advised to enter long positions only while maintaining a suitable stop loss below the channel, and the target is the upper leg of the channel.

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Adjustment: The result is +120 points