#EURCAD Potential Bullish Correction
After the BOC Gob Poloz talk, the current sentiment towards the Canadian dollar remains stable, however, it warns of future changes.
CAD is now mostly at a neutral level and ready to take its next move. The EUR due to weakness in the dollar index (DXY) has gained strength.
A potential purchase is possible. With stable levels and low risk.
Plan:
-After DOJI analyze the price action and look for purchases.
-A 40-50 SL would be the right thing to do.
-Take into account the current sentiment in the market and possible changes in it due to fundamentals.
-Long Targets: 1.59175-1.5225
After the BOC Gob Poloz talk, the current sentiment towards the Canadian dollar remains stable, however, it warns of future changes.
CAD is now mostly at a neutral level and ready to take its next move. The EUR due to weakness in the dollar index (DXY) has gained strength.
A potential purchase is possible. With stable levels and low risk.
Plan:
-After DOJI analyze the price action and look for purchases.
-A 40-50 SL would be the right thing to do.
-Take into account the current sentiment in the market and possible changes in it due to fundamentals.
-Long Targets: 1.59175-1.5225
