EURCAD LONG IDEA
Updated
So, the only currency pair that was really affected by the "dovish" ECB was the EURCAD. Still, on the DAILY chart, the market is in an uptrend. The ECB rate decision and press conference triggered a (roughly) 350 pips pull back.
At the moment the price is trying to break trough the support/resistance area. As long as there is no proper break below this area i think we're still in an uptrend.
It's just my opinion, lets see what happens.
At the moment the price is trying to break trough the support/resistance area. As long as there is no proper break below this area i think we're still in an uptrend.
It's just my opinion, lets see what happens.
Note
Well, that didn't work out at all :-)
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