EURCAD: Likely to break out

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The price has been on a channel for a while. As we can see, it tested inside the channel several times, however, still no breakout.
And the volume went down, which means the buyers and sellers are all unconfident. The Bollinger Bands shrunk, which means the big fluctuation would be in the near future.
The MACD just went through a dead cross. And the RSI is in a downward trend.
The situation is a little bit confused, let’s wait for more signals.

Penafian

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