(1,3570) EUR/CAD confirmed on Friday a strong daily and weekly closing with the slope of the move up now very steep. Still possible a direct extension of the move up toward the 1,3750 area where we expect however strong resistance. The indicators of the daily chart are positive but well overbought and last time we saw this high level was in 2007! Those of the weekly one are also positive but already close to the overbought area and however showing potential negative reversals, like in the daily chart. The indicators of the s/t charts are mixed after having hit overbought conditions. While above 1,3530 we have to expect further strength toward a s/t target at 1,3745!! We sell a 1,37 overshooting!!
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Future Trend Research