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Watching EURCAD at 1.6094
I'm looking at $EURCAD and that 1.6094 high from today is interesting; if we get a sustained break above it, I'd consider it a potential continuation sign, but anything under that, especially a rejection, would have me thinking about a move back towards the day's low.
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That's an interesting level. Do you usually wait for a close above the high on the daily, or are you looking at a shorter timeframe for confirmation?