EURCAD: Trump Trade - Short Europe Vs Canada
Fundamentals:
Canada looks better as it could settle some solution with Trump
Europe can't politically and economically agree on buying US cars and agriculture
Technicals:
EURCAD is in the range between 1.5113 and 1.4283 and hit the top of it recently.
Hence, odds are in favor of sell supporting fundamentals above.
Trade setup:
Short current (1.4907)
Stop 1.5301
Take profit 1.4283 (anywhere below 1.44)
Canada looks better as it could settle some solution with Trump
Europe can't politically and economically agree on buying US cars and agriculture
Technicals:
EURCAD is in the range between 1.5113 and 1.4283 and hit the top of it recently.
Hence, odds are in favor of sell supporting fundamentals above.
Trade setup:
Short current (1.4907)
Stop 1.5301
Take profit 1.4283 (anywhere below 1.44)
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.
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.