EUR/CAD recently broke the Key resistance level 1.3540 identified by Autochartist on the daily charts. The pair is expected to continue upward movement toward the target level 1.3792 in the next 23 hours. The breakout of this Key Level continues the strong medium-term uptrend from August of 2012 visible on the daily EUR/CAD charts. The pair recently corrected up from this Key Level and is set to rise further toward 1.3792 in the nearest time – which can also be seen from the Volatility Analysis shown below.
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As you can see from the Volatility Analysis chart for EUR/CAD below, the lower border of the daily Expected Price Range calculated by Autochartist for this pair (1.3546) stands above the aforementioned broken key resistance level 1.3540, which heightens the probability that the pair will continue to rise above this level tomorrow.