EURCAD has moved lower and reached its horizontal support level. I think we will see some stability and a reversal as forex traders will cover some short positions. I have entered my long position in this currency pair as I expect it to trend higher and I will enter more long positions every 25 pips lower from here until we reach 1.4020.Traders will seek good long entry opportunities in this currency pair and should have more than one entry in this trade in order to reduce risk.
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