Hey everybody, I'll be shorting EURCAD today, after some underwhelming core CPI data this morning (2,1% forecast, 2.0% actual). As you can see, we just made contact with the 200 WMA and 100 SMMA, and I'm expecting a retracement back to 1.505, or lower. With Canadian GDP data coming out within the next couple hours, stronger than expected numbers will push this pair right down.
Note
CAD data a mixed bag, price currently holding around 1.051Note
**Correction 1.511Trade closed: target reached
TP1 1.51 achievedTrade closed: target reached
TP2 1.505 achievedTrade closed: target reached
TP3 1.500 achieved
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.