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Thomas Long, Course Instructor

eurcad 042110

This market has been in a strong downtrending move since the highs of December 2009 and appears poised to test the November 2007 low of 1.3287. I would continue to look for selling opportunities as long as the pair remains below the 1.37612 buy side high of April 12th.

DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.