At the end of August the EURCAD pair after a massive sell-off of the euro, the pair finally broke out of its bearish context and started to consolidate but nothing very concrete for the moment that could confirm us a new uptrend, a rather strong resistance prevents for the moment the price to start a new trend.
Two weeks ago I had this scenario : EUR/CAD rebounds after testing below 1.30, but the implication remains weak. Scotiabank economists note that the pair could fall to 1.2470 if last week's low of 1.2875/80 is broken.
Two weeks ago I had this scenario : EUR/CAD rebounds after testing below 1.30, but the implication remains weak. Scotiabank economists note that the pair could fall to 1.2470 if last week's low of 1.2875/80 is broken.