DanV

EURCAD - Potential Big Swing Trade - Long

Long
FX:EURCAD   Euro / Canadian Dollar
EUR has been written off by many. But I am not sure about that. May be it is CAD in real trouble or may be EUR might have trick up it's sleeve, or may be bit of both.

But leaving bias aside and preconceived ideas, I smell a massive swing trade to the long side with potential upside target in the range of 1.61 as it continue to carve out what looks to be a large ending diagonal or Falling Wedge.

Almost inverse of CADCHF

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