Fernandobeast
Short

EURCAD Deep crab Bossy move

FX:EURCAD   Euro / Canadian Dollar
Technical side is pretty decent where price rejected from EMA 55 and 200 plus tested several times on Bat 61.8 TP could not close above.

Daily formed a head and shoulder with a decisive bearish candle closed below neckline also 1.5 + 75 pips hesitation zone, huge clue!

if we go up to weekly chart, a long period of consolidation, if this week closed big bearish good to go .

Fundamental side, Since ECB trying to cut their rate due to some reasons, I strongly believe that CAD is gonna be the dominance throughout others.

DXY is heading to that Daily butterfly D point. AUD NZD heavily depended on Chinese economy which only if trade talk have some positive progress, otherwise, it may consolidate for a long time.

GBP uncertant Brexit drives investor's fear and JPY is way overbought with an uncut rate .
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