Piphunters
Long

Interesting setup forming on EURCAD

FX:EURCAD   Euro / Canadian Dollar
EURCAD             is reaching the trade channel bottom and we should look for a reversal close to the Demand Zone @ ~1.31

With first target @ the First SupplyZone @ ~1.37
and a final target area @ ~1.40
Lets see what the ECB has to say tomorrow :)
Reply
Piphunters karlsson_andre
I don't think they (EXB) will change the goal posts so shortly after having started its Extended Asset Purchase Program. But a major reversal in the euro is very possible if the ECB signals to stop its purchaes earlier than expected.

But this is fundamentals... i try to keep out that since I have a hard time seeing the bigger picture here :D
Reply
Piphunters Piphunters
EXB is of course the ECB (European Central Bank)...
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