Hello folks!!!, This is my analysis brought to you after deeply analyzing the EUR/CAD Forex pair from a technical, trend and fundamental perspective:
Pivot point : 1.3138
Stop loss : 1.3175
Take profit : 1.2914
Entry Price : 1.3110
Risk/Reward Ratio : 1:3.7
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Trade Safely, Best Regards, Yasser TavarezOANDA:EURCAD
Trade closed: stop reached
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STOP LOSS was reached (- 71 PIPS).
Reason:
Due to an unexpected rumor over which took place on Monday 9/12 during morning hours regarding the next raise of interest rates for euro in October (The rumor says would firmly be 0.75% as the one taking placing the current month of September).
This rumor made Euro burst against its competitor.