EURCAD trade idea.

Analisa EURCAD.

Technical view:
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+ Harga dilihat reject upper downtrend channel.
+ dan kini berlegar di string resistant.
+ Trend ialah menurun


Highlights
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Headlines yang menyokong pandangan bearish euro:
Some EU members, with the support of President of the European Council, Donald Tusk, intend to block Britain from euro clearing.
Growth has converged, but monetary policy has not. Experts argue peak divergence - on the respective balance sheets - is still ahead.
Germany continues to grapple with its political troubles and the possibility of facing new elections in 2018.
The Euro’s appreciation is likely to spur the ECB's policy response, most likely verbal intervention on the euro being too strong.
The credibility of the ECB could be affected if the environment changes forcing the central bank to renege on its earlier guidance. Rates may not rise until well after the end of asset purchases, which would push the first rate hike out to 2019.
ECB tightening could increase the borrowing costs for countries like Italy and Spain
Oil price uptrend.


Trade plan Pullback:
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Sell limit : 1.5140
Sell stop di paras 1.5090
Stop loss 1.5200
TP 1 : 1. 5047
TP 2 : 1.4925

Risk per entry 2%

Semoga bermanfaat.
EURCADTrend Analysis

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