EUR/CAD is quickly approaching the resistance line of a Rising Wedge. We expect either a breakout through this line or a rebound.

Either a rebound or a breakout imminent on EUR/CAD
EUR/CAD is heading towards the resistance line of a Rising Wedge. If this movement continues, the price of EUR/CAD could test 1.4548 within the next 15 hours. It has tested this line numerous times in the past, so this movement could be short-lived and end up rebounding just like it did in the past.

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