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SHORT EUR/CAD from 1.4646

Short
FX:EURCAD   Euro / Canadian Dollar
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1
Carleton Capital Exclusive are looking to SHORT EUR/CAD from 1.4646 as our Trade of the Week.

We are currently at 1.4523 (10:17)

Historically the area 1.4612 to 1.4682 as been an active area and all the indications are that should this pair move north this week then this area will come into play again.

1.4646/7 looks to be a likely reversal point this being a double pivot area and with the H4 200 sma coming in at 1.4668, a STOP above here at 1.4684 is our favoured play.

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