EURCAD back @ multidecade descending slope line.
Fundamental perspective on EUR/CAD.
-EURO 0% interest rate
-CANADIAN DOLLAR 0.25% interest rate
-Devalued US Dollar, means higher commoditie prices. Canada is a net Oil exporter- Europe is a net Oil importer, this is beneficiary for the Canadian Dollar.
Weekly Chart
Daily Chart
-EURO 0% interest rate
-CANADIAN DOLLAR 0.25% interest rate
-Devalued US Dollar, means higher commoditie prices. Canada is a net Oil exporter- Europe is a net Oil importer, this is beneficiary for the Canadian Dollar.
Weekly Chart
Daily Chart
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