Currently, EUR/CAD is trading at 1.5125. The pair started a new down trend on 25th May after breaking the support level at 1.5233. The pair was moving in ascending wedges before breaking the support level , now it is moving towards its first target, which is at 1.5094. It may hit its second target at 1.5008 if the price crosses the first target.
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Rishikesh Lilawat has over seven years of experience in trading Forex and commodities markets, out of which three years in two investment banks as a professional Forex and commodities trader. He holds an M.B.A degree in finance and business analytics from the University of Pune. Realizing the central role of a trader and because of his personal and particular interest in trading, He built skills in market research, technical analysis, fundamental analysis, risk management, and fund management, etc and focus his efforts on communicating and sharing views on market trends and patterns.