Pay attention for a possible EURCAD short soon

Expecting Euro weakness and CAD strength in the next week or so.

EURUSD and EURCAD should see downward movements for a bit.
EURUSD to 1.122xx and EURCAD to 1.477xx

However, I expect both pairs to rally after that, and continue this sideways movement we've had on the weekly and daily for a while.

Do your due diligence, best of luck.

-Osbetel

Comentário:

While I've closed out EURUSD, I'm still expecting EURCAD to move a little lower. USOIL has fallen rapidly in the past few weeks, and we're currently close to some potential resistance there. If oil goes up, it should lift the CAD for a bit, and we can expect to see that final wave down to our target at 1.477xx.
Keeping a close watch on this one today...

-Osbetel

Comentário:

Potential double top on smaller timeframes (4h)? SLs at breakeven. Still holding.