EURCAD: Liquidity fakeout?
EURCAD has broken the channel today. I believe this to be closely related to the down close candle in the Oil market and the technical continuation of the drop in the USDOLLAR index (close economy to CAD).
However, the EUR's bearish fundament isn't changing. I intend to use this opportunity to open another short from last week's high or higher if we reach there before Wednesday.
However, the EUR's bearish fundament isn't changing. I intend to use this opportunity to open another short from last week's high or higher if we reach there before Wednesday.
Penafian
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