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Finchcliffe

EURCAD: Support breakout, continuation following retest?

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Euro / Dólar Canadense (FX:EURCAD)  
Finchcliffe  
FX:EURCAD   Euro / Dólar Canadense
Trend Analysis Chart Patterns Fundamental Analysis EUR CAD EURCAD euro canadiandollar caddollar
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trendanalysis chartpattern fundamental eur cad eurcad euro canadiandollar caddollar
We can see that EURCAD has been on a downtrend since the last week of August.

With Oil prices rising I think the fundamentals for the Canadian Dollar continue to look good, the EURO on the other hand doesn't have much going for it.

I have noted a break through support and looking for a short any time soon, there's minor support at 1.402 which will be my target, however I think this won't put up too much of a fight and we'll be down around 1.375 soon.
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