The oil's strength is weakening the pair, that just broke the support at 1.5990 Canadian dollars per euro. The price just broke the lower band of Bollinger, indicating a possible correction to the middle band (1.5942), while the RSI is getting closer to 30.00 points, overselling area. If the trend doesn't shift, the nearest support is at 1.5812, while on the upper side the next resistance is at 1.5955 Canadian dollars per euro.

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