EURCAD Soars to Monthly Highs; Bullish But Overbought

<p>EURCAD surged furiously above the 200-period simple moving average (SMA) on the four-hour chart, which has been blocking upside movements over the past few sessions, to print a one-month high at 1.4484. The market action, however, has not closed above January’s top of 1.4479 and the 61.8% Fibonacci retracement of the 1.4644 – 1.4098 down […]</p>
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