EUR/CAD eyes 200W SMA at 1.4662, stay short
EUR/CAD is extending bearish gap open.
The Canadian dollar remains buoyed after US and Canada alongside Mexico, have reached a new trade deal, to replace Nafta.
EUR/CAD is extending weakness below daily cloud, eyes major trendline support at 1.48. Break below could see further downside.
Price action is below major EMAs and technical indicators support further weakness.
Good to go short on rallies, SL: 1.4955, TP: 1.48/ 1.4735/ 1.4685/ 1.4665
The Canadian dollar remains buoyed after US and Canada alongside Mexico, have reached a new trade deal, to replace Nafta.
EUR/CAD is extending weakness below daily cloud, eyes major trendline support at 1.48. Break below could see further downside.
Price action is below major EMAs and technical indicators support further weakness.
Good to go short on rallies, SL: 1.4955, TP: 1.48/ 1.4735/ 1.4685/ 1.4665