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EUR/CAD Price Action Is Suggesting The Range Bound Movement

The EUR/CAD could make a move from point A to point B.

1.5020 is the rejection level. The market looks bearish but watch for a possible bounce at the point B. Point B is M L3 and trend line confluence. 1.4770. If the price gets to the zone, we might see a move up. As long as the range 1.5020-1.4770 holds, the market is not having any trend. Trades might be placed around those levels until the breakout happens.