How to trade EUR/CAD?

How to trade EUR/CAD?

Trade ideas

SELL 1.5045; TP 1.4945; SL 1.5060

BUY 1.5115; TP 1.5175; SL 1.5100

EUR/CAD formed a gravestone doji on W1. At the same time, it still managed to close above 100-week MA (1.5055) and the support line from October lows. The pair’s clearly at an edge. This week we can await a big move: either to the previous week’s high (1.52) or to 78.6% Fibo level (1.4940). All in all, the CAD seems to be stronger than the euro but confirmation is needed before selling.

EURCAD.png

Similar

AUD/JPY looks exposed

AUD/JPY formed a “shooting star” candlestickon the W1. This week, it’s testing levels below the 50-week MA at 75.45.

USD/CHF may rise a bit

USD/CHF formed a “hammer” candlestick on the D1. The most recent price low wasn’t confirmed by the Awesome Oscillator on this timeframe.

Latest news

AUD/JPY looks exposed

AUD/JPY formed a “shooting star” candlestickon the W1. This week, it’s testing levels below the 50-week MA at 75.45.

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