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EURCAD 1.48 Support Holding, Important Data Released This Week
EURCAD
, 240
Long
EURCAD: EURCAD 1.48 Support Holding, Important Data Released This Week

EURCAD had a rough start to last week, dropping 300 pips before recovering on Thursday and Friday. Canadian strength from the interest rate increase and Euro weakness from weak German PMI data fueled the move to the downside. However, support held strong, with a 60+ pip bullish candle immediately after 1.48 was broken. Looking ahead to this week, we have German...

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