theforexportal
Short

EURCAD waiting for Draghi. SHORT for now.

FX:EURCAD   Euro Fx/Canadian Dollar
EURCAD             has pushed impressively north and has broken through critical resistance of the 200 day sma on the DTF. With studies overbought, a retrace looks inevitable from these levels.
As all EUR pairs, we await the outcome of ECB President Draghi's speech on Monday.
Anything remotely hawkish or even anything not dovish could set the euro             on the path for bigger gains once resistance has been broken.

Trade idea
Look to SELL this market in anticipation of a cooler from Draghi.
STOP above recent highs at 1.4400.
United Kingdom
United States
India
Deutschland
France
España
Italia
Polska
Türkiye
Россия
Brasil
Indonesia
Malaysia
Việt Nam
日本
한국
简体
繁體
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Priority Support Contact Support Ideas Published Followers Following Private Messages Chat Sign Out