EURCAD Monetary Policy meetingAs I published early this week, tomorrow will be the Bank of Canada's meeting, the market doesn't wait a particular change, so the reaction of the pair EURCAD, will be affect by the stimulus and economy outlook.
Eurucad
EurCad outlookThe trend for EurCad is clearly up and after reaching 1.6 important resistance the pair corrected just to touch fibo 50% of the last leg up.
A strong base is formed at 1.56 now and the pair could have a new attempt to conquer 1.6 zone.
EurCad is bullish as long as the price is above 1.56 and only a daily close under this support would change this outlook.
[EURCAD] SPECULATIVE SETUPHello Traders,
Trend is still bearish on daily chart, but from the technical point of view it is possible to try to take long speculative position ( reduced size) keeping in mind that this is a high risk setup but with limited stop loss.
If you think this analysis can be useful and you want to receive new updates in section below, click on LIKE button!
Thank you for support and trade with care!
