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November 18, 2024

EUR/CAD Price Forecast: Hits one-week top, bulls flirt with 200-EMA near 1.4870 area

The EUR/CAD cross attracts some follow-through buying at the start of a new week and looks to build on its recovery from the vicinity of the 1.4700 mark, or the lowest level since July 10 touched last week. Spot prices climb to a one-week top during the first half of the European session and currently trade around the 1.4870 region, up 0.25% for the day.

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