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Short

EUR/CAD: Possible Short

FX:EURCAD   Euro / Canadian Dollar
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- The EURO’s bearish momentum has been pushing the price lower for the past few days.
- Price fast approaching the make or break point (represented by the Blue Rectangle and the two purple lines).

EURO
- Some EURO CPI announcement (main: Germany, France & Italy).

Canada
- BoC Monetary Report (Wed, 12/4/17). Incl. Interest Rate Decision.


- The price range between ~1.3805 -> ~1.4107, have been main Resistance/Support Zone for the past 15 years
- From 2001 – mid 2002, was the main Resistance zone , No clear break through until late 2002
- From 2006 – 2008, Strong support Zone
- Strong due to the GFC .
- Late 2009 to Late 2011 – strong Resistance
- Held for 2 Years

Comment:
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